Original article by Cecile Lefort
The Australian Financial Review – Page: 27 : 20-Oct-21
The minutes of the Reserve Bank of Australia’s latest monthly board meeting show that it still expects the cash rate to remain on hold until 2024, when inflation is forecast to be sustainably within its target range of 2-3 per cent. However, the consensus of economists is that the central bank will begin tightening monetary policy in mid-2023. Judo Bank’s chief economist Warren Hogan says the first rate rise could potentially be in November 2022, while Su-Lin Ong of RBC Capital Markets expects a rate rise in the December 2023 quarter.
CORPORATES
RESERVE BANK OF AUSTRALIA, JUDO BANK PTY LTD, RBC CAPITAL MARKETS