AUD Traders – RBA Monetary Policy Meeting Upcoming on Tuesday 6th September 2022 – Preview

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AUD Traders - RBA Monetary Policy Meeting Upcoming on Tuesday 6th September 2022 - Preview
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The statement from the Reserve Bank of Australia is expected at 04:30 GMT on September 6, 2022.

The first previews are here:

Going through some of the comments on what the Commonwealth Bank of Australia (CBA – one of Australia’s ‘big four’ banks) expects in the future. In summary:

  • says RBA should continue to raise cash rate
  • The CBA’s baseline forecast calls for another 75 basis points of rate hikes over the next few months
  • the cash rate will peak at 2.6% at the end of 2022
  • there is a higher terminal rate risk, around 2.85%

The CBA then has the first projection (of the Big 4 Australian Banks) of when the RBA will stop climbing and actually cut the cash rate.

  • The ABC points out that its maximum forecast of 2.6% is the most conservative among analysts
  • expects the RBA to cut the cash rate by 50 basis points in the second half of 2023

Current RBA cash rate target:

cnbctv18-forexlive

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