Ian Cragg 7/5/24 Ian Cragg 7/5/24

Send Currency Update Published on May 6th 2024

In The News 🌏 Market Conditions and What to look out for this week 🗓️

Speculation on RBA Rate Hike:

Capital Economics is forecasting a 25 basis points rate hike, citing stickier and stronger inflation than expected by the Reserve Bank of Australia (RBA).

The RBA has historically increased interest rates when the trimmed mean quarterly inflation has been at least 1 percent, which was the case in the March quarter.