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
AOFM's run for strong demand at bond tender continues
The AOFM has sold A$1.5 billion of 3.25% April 2025 government bond at a weighted average yield of 0.3888%. ...
Published on : 04 May 2020 , 11:05 AMAOFM tenders next week total A$10.5B
The AOFM has announced the following tenders for next week, totaling A$5.5 billion of bonds and A$5.0 billi...
Published on : 01 May 2020 , 12:06 PMStrong demand for AOFM's 2024 tender; coverage 4.8 times
The AOFM has sold A$3.0 billion of 0.25% November 2024 government bond at a weighted average yield of 0.386...
Published on : 01 May 2020 , 11:06 AMRBA pauses for first time, No bond-buying auction today
For the first time since it began bond-buying via auctions, the RBA is not conducting any purchases today. Last week,...
Published on : 30 Apr 2020 , 12:03 PMHighlights of Australia Q1 CPI
Highlights of Australia Q1 CPI published by the Australian Bureau of Statistics Wednesday:
--Headline...
Published on : 29 Apr 2020 , 11:48 AMAOFM sells A$2.5B of 2032 bond but yld up, coverage down
The AOFM has sold A$2.5 billion of 1.25% May 2032 government bond at a weighted average yield of 1.0722%. T...
Published on : 28 Apr 2020 , 11:06 AMRBA buys A$500m bonds, total buying now A$49.3B
The RBA bought A$500 million of government bonds today, spreading its purchases across all the three bonds meeting it...
Published on : 27 Apr 2020 , 04:14 PMNo pause in RBA bond-buying yet
No pause yet in RBA's bond buying, with announcement today to buy A$500 million of government bonds maturing in t...
Published on : 27 Apr 2020 , 12:29 PMAOFM total tenders next week A$10.5 billion
The AOFM has announced the following tenders next week, totaling A$5.5 billion of bonds (vs A$6.0 billion this w...
Published on : 24 Apr 2020 , 12:27 PMAOFM attracts record coverage for 2023 bond
The AOFM's A$1.5 billion of 5.5% April 2023 bonds attracted strong demand with coverage ratio posting a reco...
Published on : 24 Apr 2020 , 11:13 AM