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
Westpac also ups RBA cash rate forecast to 2.1% by Dec (from 1.75%)
Westpac chief economist Bill Evans has raised his forecast for RBA cash rate, now expecting the policy rate to end 20...
Published on : 07 Jun 2022 , 05:21 PMCBA ups RBA rate forecast; sees 2.1% year-end, with risk of 2.35%
Economists at Commonwealth Bank have revised higher their forecast for RBA cash rate, now expecting the rate to reach...
Published on : 07 Jun 2022 , 04:58 PMNAB ups RBA cash rate forecast to 2% by Dec (from 1.35%)
Economists at National Australia Bank are revising up their RBA cash rate forecast following the 50bps hike on Tuesda...
Published on : 07 Jun 2022 , 04:15 PMRBA raises cash rate 50bps to 0.85%
The Reserve Bank of Australia raised the cash rate target by 50bps to 0.85%. The rate on Exchange Settlement balances...
Published on : 07 Jun 2022 , 02:47 PMAustralia net export to subtract 1.7 points from Q1 GDP
Net export will detract 1.7 percentage points from Australia's March quarter GDP, data published by Australian Bu...
Published on : 31 May 2022 , 11:44 AMRBNZ Ups OCR 50bps to 2.0%
The Reserve Bank of New Zealand raised official cash rate by 50bps to 2.0%, as widely expected and issued hawkish pro...
Published on : 25 May 2022 , 12:15 PMFull Title of RBA Kent's Speech Next Week
The full title of RBA assistant governor Christopher Kent's speech next week is, "From QE to QT - The next p...
Published on : 20 May 2022 , 10:00 AMAustralia's unemployment rate at 3.9% in April
The jobless rate was at 3.9% in April, following a revised 3.9% rate in March (from 4.0%), data from Australian Burea...
Published on : 19 May 2022 , 11:46 AMRBA Governor and Deputy Governor -- Some fun facts
I don't think there's as much commonality between a governor and deputy governor as it is between RBA's G...
Published on : 10 Mar 2022 , 05:53 PMANZ NZ Sees RBNZ hiking 50bps in both April and May
Economists at ANZ New Zealand have revised their call for the RBNZ OCR, now expecting 50bps hike at each of the meeti...
Published on : 08 Mar 2022 , 09:11 AM