The Reserve Bank of Australia meeting is next week:
- Tuesday 7 June 2022
- Statement is due at 0430 GMT
Via Westpac, they have been in the '40bp in June' camp ahead of this note, no change in forecast:
- The RBA is almost certain to raise the cash rate next week. Since the decision to make the first move on May 3 we have consistently argued that the best decision will be to move by 40 basis points. That would eliminate the emergency stimulus from 2020 and send a clear signal that the Board recognises its formidable task to move inflation back within the target band by 2024 and is prepared to act decisively.
That's in summary from a longer piece.
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Earlier RBA preview:
Reserve Bank of Australia Governor Lowe:
