RBA: One last 25 bps increase to be delivered in September – ING

FXStreet Insights Team FXStreet

The Reserve Bank of Australia (RBA) kept rates on hold today. But in the view of economists at ING, the RBA can still hike in September.

RBA’s pause is not the endgame

The RBA held rates for a second consecutive month, but we still think there is a chance the bank will hike one last time in September on the back of an inflation surprise.

AUD may underperform other peers like the NZD and the Scandies until a bullish ‘pocket’ emerges in September, should the RBA go ahead with one last hike.

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