RBA expected to raise the policy rate on July 5 – UOB

Pablo Piovano FXStreet

Economist at UOB Group Lee Sue Ann suggests the RBA would continue its hiking cycle at the July 4 meeting.

Key Takeaways

“The RBA has now embarked on a more aggressive front-loading hiking cycle. We continue to expect a series of rate hikes over the coming months.”

“We now see the RBA hiking by another 90bps for the remainder of 2022 to bring the OCR to 1.75% by year-end (compared to 1.25% previously), before continuing to rise more gradually over 2023.”

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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