RBA to hike OCR by 25 bps on Tuesday amid high inflation – Goldman Sachs

Economists at Goldman Sachs expect the Reserve Bank of Australia (RBA) to raise the official cash rate (OCR) by 25 basis points (bps) on Tuesday.
Key quotes
“The CPI is too high and that of the services sectors is accelerating.”
“Ultimately, Australian inflation is far too high.”
“Clearer signs of an acceleration from persistent sources in the services sector.”
Also read: Reserve Bank of Australia Preview: To pause or not to pause
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















