Earlier previews can be found here:
- RBA monetary policy meeting Tuesday, 4 October 2022 - Barclays forecast a 25bp rate hike
- How the RBA could shape the tone of today's policy statement? - TD
- RBA meeting Tuesday October 4, 50bp cash rate hike widely expected, then more by year end
- RBA policy meeting next week - Morgan Stanley forecast a 50bp cash rate hike
This snippet via Société Générale:
We expect the RBA to increase the cash rate target from 2.35% to 2.85%
- would mark five consecutive 50 bps rate hikes since the initial one back in June
The policy statement will continue to say that the RBA is committed to returning inflation to the 2-3% target range over time while keeping the economy on an even keel and that the size and timing of future interest rate increases will be guided by the data and the outlook by policymakers on inflation and the labour market.
- The statement will also continue to skip the words ‘normalising monetary conditions’, which we think implies the intention of policymakers to adjust its policy stance to one of outright tightening.
RBA's cash rate hikes so far, since beginning hiking in May:
