The Week Ahead – The OPEC, BOC, RBA and RBI Meetings, China, Swiss and Norway CPI
Nomura – The Week Ahead
The Risk of a Hawkish Statement in the RBA Meeting
Australia's RBA will likely announce an unchanged cash rate of 3.85%. However, similar to the Bank of Canada, we expect this communication to be consistent with a hawkish pause. The market is currently pricing around nine basis points of tightening for this meeting.
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