Australia: Further rate hikes by the RBA are not ruled out – UOB
Economist at UOB Group Lee Sue Ann comments on the upcoming RBA monetary policy meeting (December 5).
Key Quotes
While we are keeping our policy outlook unchanged (expecting the RBA to keep the peak policy rate of 4.35% at the Dec meeting and in 1Q24), the chance of another interest rate rise remains a live option, especailly amid concerns inflation may remain stubbornly high for longer then expected.
We have also now pushed back our first rate cut to take place in 3Q24