The latest polling on the Reserve Bank of Australia - most analysts surveyed expect a hike to 0.25% in Q2 2023.
- 21 of 24 economists said the risk for the timing of the RBA's first move up was that it would come earlier than they expect.
---
From the Reuters article on the results, on yesterday's non-intervention in the April 2024, Justin Fabo, senior economist at Macquarie:
- "The current forward guidance is dead and buried"
- "However, in terms of market pricing, I still feel it's too bullish; directionally it's right like everywhere in the world but factoring in a cash rate of nearly 1% by end of next year seems a small chance to me."
