ANZ's latest call on RBA rate hikes - beginning in H2 2023
ANZ out with a call on the Reserve Bank of Australia.
- expect the RBA to tighten in two steps in H2 2023
- to take the cash rate to 0.5% by end-2023
Citing "as the conditions it has set out for such a move are met"
- inflation sustained above 2.0%
- and wages growth above 3%
Background to this is the RBA telling us time and again that they will not be hiking until 2024 at the earliest ... ANZ says no, going earlier.