- Australia: RBA expected to hike rates next week – UOB
Market news
3 March 2023
Australia: RBA expected to hike rates next week – UOB
Lee Sue Ann, Economist at UOB Group, sees the RBA raising the OCR by 25 bps at the March 7 meeting.
Key Takeaways
“The RBA has stated that its priority is to return inflation to target, and that further increases in interest rates will be needed over the months ahead.”
“We are penciling in another two more 25bps hike, which will take the OCR to 3.85%, before looking for a pause.”
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