Reply To: RBA Accelerates Rate Cycle as it Raises Rates by 50bps to 0.85%

#39433
TradersCom
Keymaster

UBS on RBA:

UBS forecast Reserve Bank of Australia 50bp rate hikes July 5 & August 2
Projecting cash rate at 2.6% by November.

our view … has been bullish/above consensus on the consumer in the near-term, but expecting a sharper weakening next year
rate hikes will only impact household cash flow materially over coming quarters, due to a longer lag than normal reflecting a greater share of fixed home loans and larger mortgage buffers
savings rates remain very high, and are still normalising, providing a powerful tailwind to consumption in coming months