Standard Chartered Sees RBA Holding Rate at 4.35% in August as Inflation Eases
Standard Chartered’s Nicholas Chia predicts the Reserve Bank of Australia will keep the cash rate at 4.35% at its August meeting and refrain from further hikes this year, citing easing core inflation.
Standard Chartered analyst Nicholas Chia expects the Reserve Bank of Australia to hold its cash rate at 4.35% during the August 11 meeting, with no additional rate increases projected for the remainder of the year.
The assessment follows data showing that second-quarter core inflation and short-term inflation expectations have eased, reducing the urgency for further monetary tightening.
The RBA’s pause comes amid growing confidence that inflationary pressures are moderating, though policymakers remain cautious about the outlook.
Source: FXStreet Forex News