Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 03 - 09:55 AM

AUD: RBA Jumping On The Hiking Train; What's Next? - Barclays

By eFXdata  —  May 03 - 09:05 AM

Barclays Research discusses its review for this week's RBA policy decision. 

"The Reserve Bank of Australia (RBA) today increased its cash rate by 25bp to 0.35%, the first rate hike since 2010. The bank’s decision to start normalising the cash rate from its emergency setting was not a surprise. However, the RBA was more aggressive in starting hikes than expected, with no analysts in the Bloomberg survey expecting a 25bp hike, and only a few expecting a larger 40bp hike," Barclays notes. 

"We expect rapid and continuous hikes until September to 1.50%, after which the RBA may slow down the hiking cycle," Barclays adds. 

Source:
Barclays Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2022 eFXdata · All Rights Reserved
!