Goldman Sachs is forecasting the RBA cash rate at 2.6% by the end of 2022

GS with the projection, issued overnight ICYMI.

• see +50bp cash rate rises in both June (meeting is the 7th) and July (meeting is the 5th)

The Reserve Bank of Australia raised its cash rate for the first time in over 11 years yesterday. Most analysts were expecting a 15bp rise, the Reserve Bank of Australia bit the bullet and hiked by 25bps.

• RBA raises cash rate by 25 bps to 0.35%
• A cheeky move by the RBA helps to lift the aussie
• RBA's Lowe: Expects that further rate hikes will be necessary in the months ahead
• RBA's Lowe: A more normal level of rates would be 2.50%

Ya really gotta look closely to see this on the graph!

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term