Big Four Banks Forecast for RBA Cash Rate
By Sophia Rodrigues
Published On 17 Sep 2021 , 10:50 AMBig four banks' forecast for the RBA cash rate:
--ANZ expects first rate hike in 1H of 2024. "Our 'expected value' for the cash rate by early 2023 is above 0.1%, even though our central forecast is that the RBA won’t lift it until the first half of 2024."
--CBA expects rate hike in May 2023. "We retain our call for the RBA to commence normalising the cash rate from May 2023 whilst acknowledging the risks are skewed towards a later date for lift off."
--Westpac expects first hike in 1Q of 2023. Forecast for cash rate is 25bps 1Q 2023, 50bps 2Q 2023 and 75bps 4Q 2023.
--NAB expects first hike in 2024. "We think the first increase in the cash rate target could be 40bps to 0.50%, given the actual cash rate is likely to remain nearer the bottom of the corridor than the official target rate."
LATEST SNIPPETS
Australia Westpac-MI Consumer Sentiment Up But House Price Expectations More Imp For RBA
Consumer sentiment rose 2.3% to 95.5 in February, more than rebounding from the 1.8% fall in January, the Westpac-Mel...
Published on : 12 Feb 2020 , 10:41 AMMy tweets from first session of RBA's Parliamentary testimony today
RBA Lowe: If the unemployment rate were to be moving MATERIALLY in the wrong direction n there was no further progres...
Published on : 07 Feb 2020 , 10:59 AMWestpac's Evans Now Expects RBA Cut in April, Aug (Previously Feb, June)
Westpac's chief economist Bill Evans has pushed back his forecast for RBA cash rate cut to April from February, c...
Published on : 24 Jan 2020 , 11:26 AMANZ No Longer Forecasting RBA Feb Cut
Economists at ANZ have removed RBA cut in February from their forecast following the strength in employment in Novemb...
Published on : 23 Jan 2020 , 01:37 PMAustralia Consumer House Price Sentiment Could Justify RBA Hold in Feb
Consumer sentiment fell 1.8% to 93.4 in January from 95.1, the Westpac-Melbourne Institute Index of Consumer Sentimen...
Published on : 22 Jan 2020 , 11:36 AMAustralia Q3 net export to add 0.2%ppt to Q3 GDP
Australia net export to contribute 0.2 percentage point to Q3 GDP, data from ABS showed.
Terms of trade was st...
Australia consumer confidence off multi-year low but econ conditions view further down
Consumer confidence rose 1.2% in the week to Dec. 1 to 108.1, marking the first rise in four weeks but remained...
Published on : 03 Dec 2019 , 10:04 AMAustralia ANZ job ads down in November; Trend firmly negative
Job ads fell for the second straight month in November, down 1.7% m/m after a 1.0% fall in October, data from ANZ sho...
Published on : 02 Dec 2019 , 11:42 AMKey points from Australia's private sector credit for October
Key points from Australia's private sector credit growth for October, published by the RBA Friday.
--...
RBA may buy RMBS if dysfunction in mortgage market
Regarding purchase of Residential Mortgage-Backed Securitie (RMBS), RBA Governor Philip Lowe said last night that it...
Published on : 27 Nov 2019 , 09:58 AM