CBA expect the RBA to hike by another 50 bps in July.
ANZ sees RBA hiking by 25 bps in July and then following that up with a 50 bps rate hike in August, which is a bit of a surprising take all things considered.
NAB expect the RBA to deliver rate hikes between 75 bps to 100 bps in the coming two months i.e. July and August. They see the cash rate reaching 1.60% to 1.85% and expect it to return to 2.00% by December (previous forecast was for 1.35% by year-end). NAB adds that they see the terminal rate for the RBA being around 2.00% to 2.50%, with the market pricing now of over 3.00% being rather “excessive”. They will publish a formal profile to the RBA decision tomorrow.