3h ago
Finder survey: nearly half of economists see two RBA hikes before Christmas, cash rate tipped at 4.85%
A Finder survey shows 90% of polled economists and finance experts expect the Reserve Bank of Australia to lift the cash rate by 25 basis points to 4.6% at its upcoming meeting. Nearly half also forecast a second hike before year-end, which would take the cash rate to 4.85%, the highest level since the peak of the 2008 global financial crisis. Markets are also pricing in two increases by early next year, with a 90% probability of a move to 4.6% on Tuesday.
3h ago