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RBA to lift cash rate to 4.35%, cuts only in Q2 2024

The Reserve Bank of Australia lifted the cash rate by 25bp today and the hawkish tone of the statement suggests that the risks to our terminal rate forecast of 4.35% are tilted to the upside. Indeed, we still think that the Bank will cut interest rates later than most anticipate.

We are resending this Update because it was incorrectly send as an Africa Economics Update.

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