The Reserve Bank of Australia statement is due at 0430 GMT on 6 September 2022.
Earlier previews are here:
- RBA monetary policy meeting Tuesday September 6 - preview (TL;DR +50bp hike coming up)
- Poll of analysts - RBA to hike its cash rate by 50bp on Tuesday 6 September
Scanning through some of the comments on what Commonwealth Bank of Australia (CBA - one of Australia's 'big four' banks) is expecting ahead. In summary:
- says the RBA is broadly expected to continue to raise the cash rate
- CBA's base forecast is for a further 75 basis points of rate hikes over coming months
- cash rate to peak at 2.6%, late in 2022
- there is a risk of a higher terminal rate, around 2.85%
CBA then has the earliest projection (of the big 4 Australian banks) of when the RBA will stop hiking and actually cut the cash rate.
- CBA points out its 2.6% peak forecast is the most conservative among analysts
- expects the RBA to cut the cash rate by 50 basis points in H2 of 2023
---
Current RBA cash rate target:
