AUD traders heads up: RBA 'shadow board' recommends a 25bp cash rate hike on Tuesday 7 Feb

The Reserve Bank of Australia meet, Tuesday, 7 March 2023, with its statement due at 2.30pm Sydney time

• 0330 GMT, which is 10.30 pm US Eastern time

The Bank will hike its cash rate again, by 25bp. Its way behind the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term rate ( we get another monthly CPI indication in the data due today)

The Reserve Bank of Australia (RBA) Shadow Board is recommending a +25bp cash rate rise. This is analyst consensus.

The Shadow Board is a group of economic experts who meet each month

• comprised of a panel of nine members, including economists, academics, and industry
• Board members make their recommendations based on their analysis of key economic indicators, such as inflation, employment, and economic growth, as well as global economic trends
• the Shadow Board members provide provide their opinions on the appropriate level of the RBA's cash rate target, as well as the probability of a rate change in the near future
• published on the website of the Australian National University's Centre for Applied Macroeconomic Analysis