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Forget June meeting, August still ‘live’ for RBA rate hike –Morgan Stanley
The vast majority of economists aren’t expecting any surprises at tomorrow's June Reserve Bank of Australia (RBA) meeting. The RBA is expected to keep its official cash rate (OCR) on hold at 4.35%. However, the language of their statement and of RBA governor Michelle Bullock in her post-meeting press conference will be far more interesting for both markets and mortgage holders. Most economists expect the RBA to maintain its default rhetoric of “vigilance against inflation risks”. But it’s their new cryptic (and my personal confuse the hell out of everyone favourite) “we’re not ruling anything in or out” ... (full story)
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- Posted: Jun 17, 2024 9:16am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,650
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