Westpac: The Reserve Bank of Australia’s8monthly rate hike is now more likely
Westpac said in a2026year, 7month, 10day report that the Reserve Bank of Australia’s8monthly cash rate hike has become considerably more likely. 9It also maintained an additional hike in2027year as its base-case scenario and forecasts rate cuts in
Lucy Ellis, Westpac’s chief economist, said in a2026year, 7month, 10day report that the Reserve Bank of Australia’s8monthly cash rate hike had become more likely. Investors need to pay attention because the direction of Australian interest rates could affect global interest rates and exchange rates.
Ellis explained that recently released inflation and labor-market indicators were broadly in line with expectations. Based on this, the report said the RBA emphasized the need to bring forward its tightening cycle and carry out more rate hikes in response to supply shocks.
Westpac wrote that it was also maintaining the possibility of an additional rate hike in9month as its base-case scenario. Meanwhile, the report added that it sees rate cuts in2027year.
The report placed greater weight on the possibility of a shift in the policy stance rather than on specific figures. The report 2026noted the need to observe the trend in core inflation in the second half of the year.
The report in question was made public in 2026the year 7month 10day. The report’s wording and outlook are expected to be used as a reference by market participants when making short-term position decisions.
Sources: 연합인포맥스
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