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
Results of RBA's purchase of semis; yields dn vs last week
The Reserve bank today purchased the following semi-government bonds for a total of A$3 billion. Many of these bonds...
Published on : 31 Mar 2020 , 04:31 PMRBA back to buying semi-government bonds
The RBA is continuing with its bond-buying program Tuesday, and this time it is back to buying semi-government bonds....
Published on : 31 Mar 2020 , 12:02 AMRBA buys entire A$3B bonds; focuses on 2027
Results of the RBA's government bond-buying auction Monday:
The RBA bought the entire A...
Published on : 30 Mar 2020 , 12:00 AMRBA buying A$3B bonds, April 2026-April 2029 maturity
The RBA is continuing with its bond-buying spree under the yield target policy but after two days of focusing on the...
Published on : 30 Mar 2020 , 11:57 AMRBA to publish minutes on April 1 of special March board meeting
RBA will publish on April 1 the minutes of the special monetary policy announcement made on March 19. The meeting too...
Published on : 23 Mar 2020 , 06:15 PMRBA Parliamentary Hearing Bit Unusual But Not Extraordinary
RBA deputy governor Guy Debelle will be appearing before the Economics Legislation Committee in Canberra late evening...
Published on : 04 Mar 2020 , 03:26 PMEx-centralbanker Says RBA Might Do 25+25, Not 50
An ex-centralbanker with strong experience in monetary policy during the global financial crisis says the RBA is more...
Published on : 02 Mar 2020 , 02:44 PMWestpac Evans Expects RBA Cut Tue, QE by mid-year
Not much forecasting on RBA by Westpac's chief economist Bill Evans other than a 25bps cut in the cash rate...
Published on : 02 Mar 2020 , 11:14 AMAustralia 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 AM