The RBA today ended its bond purchases, revised up its inflation forecasts and no longer signalled that wage growth needs to be “materially higher” to meet its inflation target on a sustained basis. We expect the first rate hike in August.
Australia Drop-in: Will soaring inflation prompt the RBA to follow the Fed soon? Join Marcel Thieliant and Ben Udy for a discussion about the outlook for monetary policy in Australia on Thursday, 3 Feb at 11am SGT/2pm AEDT. Registration here.
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