RBA Governor Lowe reiterated today that the Bank will slow the pace of tightening at some point. But his hawkish comments on the health of consumer spending and the labour market suggest that this point hasn't been reached yet. We now expect another 50bp rate hike by the Bank at the upcoming meeting in October instead of our previous forecast of a smaller 25bp hike.
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