Australia: RBA expected to hike rates next week – UOB

Pablo Piovano FXStreet

Lee Sue Ann, Economist at UOB Group, sees the RBA raising the OCR by 25 bps at the March 7 meeting.

Key Takeaways

“The RBA has stated that its priority is to return inflation to target, and that further increases in interest rates will be needed over the months ahead.”

“We are penciling in another two more 25bps hike, which will take the OCR to 3.85%, before looking for a pause.”

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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