The Reserve Bank’s (RBA) April board meeting quickly regathered the attention of headlines last week. The RBA has turned a corner and has laid the groundwork for its first cash rate hike in over a decade, making the question of ‘when’ all the more important. The RBA’s statement provided some clues on the Board’s thinking, highlighting upcoming wages and inflation data released “over the coming months”.
We have adjusted our cash rate forecasts in light of the RBA’s renewed stance and now expect the RBA to begin hiking the cash rate in June. Learn more in this week’s economic update.
Download – 11 April 2022 Weekly Economic Commentary
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