RBA to raise rates another modest 25 basis points in December – Reuters poll
|The Reserve Bank of Australia will go for another modest 25 basis-point interest rate hike on December 6 to 3.10%, its third in a row after a succession of half-point moves, according to all 30 economists polled by Reuters.
Additional findings
The RBA is forecast to raise rates by another 50 basis points by the end of the second quarter next year, according to the median forecast, taking the terminal rate to 3.60%. Those expectations were unchanged from a November poll.
However, there was no clear majority among economists over the central bank's rate move beyond the December meeting.
While 12 of 30 economists expected the cash rate to go up by 50 basis points in Q1 2023, 11 said 25 basis points, one said 40 basis points and six expected no change.
For the following quarter, 15 of 29 see rates at 3.60% or higher, the other 14 said lower with some seeing the peak as low as 3.10%.
Also read: AUD/USD Price Analysis: Retreats from 200-day EMA with eyes on 0.6770
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.