Aussie dips, UK braces itself, Powell ready for a grilling
NAB Morning Call
00:00
The RBA's Statement on Inflation Expectations
We still think the RBA will hike rates in July and in August. But if those inflation expectations becoming de-anchada being realized, then we're probably talking about a world of a higher term rate than 4.6%. Our peak is 4.6%, but there are some people saying, well, no, it's going to be more than that. You know, even getting north of 5%. Oh, even up to 6%. Yeah. And indeed, when you looked into the details in the minutes, there's some pretty hawkish tones there.
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