AUD: RBA hike expectations offer support – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad expects the Reserve Bank of Australia to deliver a second consecutive 25 bps hike to 4.10%, though it is described as a close call. Futures imply slightly better than even odds of a move. Haddad’s base case is that a hike would provide some support to the Australian Dollar against a backdrop of elevated domestic inflation.

Back-to-back RBA hike seen likely

"Reserve Bank of Australia (RBA) is expected to deliver a back-to-back 25bps cash rate target hike to 4.10%, but it’s a close call. Cash rate futures imply 53% odds of a hike."

TMGM талдауы: Қаржы нарығы жаңалықтары, экономикалық күнтізбе және нарықтық шолулар

"Our base case is for the RBA to raise rates, which will offer AUD some support."

"Australia headline inflation is running high at 3.8% y/y even before the energy shock hits, and all the RBA’s internal models show a positive output gap consistent with tighter capacity constraints."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

НАҒЫЗ ДӘРЕЖЕЛЕР

Атауы / Тикері
График
% Өзгеріс / Баға
GBPUSD
1 күндік өзгеріс
-0.34%
1.33829
EURUSD
1 күндік өзгеріс
-0.31%
1.11842
USDJPY
1 күндік өзгеріс
+0.33%
158.69
AUDUSD
1 күндік өзгеріс
-0.44%
0.68816