The Reserve Bank of Australia will probably hike its cash rate by another 25bp at its meeting on 7th June, but we expect it to accelerate its hiking cycle with a 40bp hike in August following the release of stronger-than expected inflation data. Our forecast that interest rates will peak at 3.0% is above the analyst consensus.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services