Original article by Cecile Lefort, Joshua Peach
The Australian Financial Review – Page: 25 : 1-May-24

Financial market traders have now priced in a 25 per cent chance that the Reserve Bank of Australia will increase the cash rate by September; this compares with a 47 per cent chance on Monday. Meanwhile, the Commonwealth Bank now expects the cash rate to be reduced by 25 basis points to 4.1 per cent in November, having previously forecast three interest rate cuts in 2024. It also anticipates four interest rate cuts in 2025. The revised interest rate outlook follows last week’s release of data showing that inflation grew by a higher than expected one per cent for the March quarter; however, it preceded the release of data showing a decline in retail sales in March.

CORPORATES
RESERVE BANK OF AUSTRALIA, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA