RBA Minutes: Next move in interest rates is likely to be a hike – Danske Bank

Sandeep Kanihama FXStreet Contributor

Analysts at Danske Bank note that the Minutes from the 4 September monetary policy meeting in the Reserve Bank of Australia confirmed that the next move in interest rates is likely to be a hike.

Key Quotes

“However, while the RBA expects GDP growth likely to remain 'above potential', it also warned that 'significant tensions' around trade policy are a 'material risk' to the global outlook.”

“We expect the RBA to hike the cash rate by 25bp within the next 12 months.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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