According to the latest Bloomberg survey of 24 economists, the Reserve Bank of Australia (RBA) remains on track for its first-ever consecutive 50 basis point interest-rate hikes, as they step up their efforts to contain inflation.

Key takeaways

“The RBA will raise its cash rate to 1.35% next month from a current 0.85%.“

“They have been revising up their forecasts following Governor Philip Lowe’s bigger-than-expected hike last week.”

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