FX

RBA expected to keep a steady hand – UOB

Economist at UOB Group Lee Sue Ann comments on the imminent RBA meeting.

Key Quotes

“We see core inflation returning to the RBA’s target band by early 2023 but wage growth not reaching 3% until much later in 2023.”

“With the RBA reiterating that inflation would need to sustainable be in the target band, and allowing for it to take some time to make such an assessment, we see some risk of a rate rise in late-2032 but more likely for the first hike to occur only in 2024.”

Articles You May Like

S&P 500 Futures cheer US inflation miss but yields stay sluggish on Fed, China concerns
Crude oil extends the declines. Falls about $2 on the day
USD/CAD pares its losses, though capped between the 100/200-DMAs
BlueBenx fires employees, halts funds withdrawal citing $32M hack
DeFi needs a ‘killer app’ to go next level, says Ripple exec

Leave a Reply

Your email address will not be published.