CBA ups RBA rate forecast; sees 2.1% year-end, with risk of 2.35%
By Sophia Rodrigues
Published On 07 Jun 2022 , 04:58 PMEconomists at Commonwealth Bank have revised higher their forecast for RBA cash rate, now expecting the rate to reach 2.1% by end-2022, with a risk of 2.35%.
Previously CBA's forecast was for the cash rate to touch 1.35% by December.
CBA expects RBA to hike 50bps in July, followed by 25bps hikes in August, September and November. The risk for 2.35% cash rate by December would mean 50bps hike in August.
"There has been a clear shift in tone and stance from the Board and we now expect the RBA to front load rate hikes," CBA wrote in a note.
LATEST SNIPPETS
RBA Monetary Policy Board members to give speeches late-May/early June
Two external board members of the RBA's Monetary Policy Board are scheduled to deliver speeches in late May-early...
Published on : 22 Apr 2026 , 03:49 PMRBNZ Maintains OCR at 2.25%
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 2.25% but signalled it is prepared to lift t...
Published on : 08 Apr 2026 , 12:10 PMRBA Raises Cash Rate to 4.10%
The Reserve Bank of Australia lifted the cash rate by 25bps to 4.10%, making it back-to-back rate hikes after th...
Published on : 17 Mar 2026 , 02:41 PMAustralia Dec Qtr GDP Up 2.6% y/y
The Australian economy grew 0.8% q/q in the December quarter, data published by the Australian Bureau of St...
Published on : 04 Mar 2026 , 11:46 AMAustralia's Private New Capex Rises 0.4% q/q in Dec Qtr
Australia's total private new capex rose 0.4% q/q in the December quarter, leading to a 7.8% rise y/y, according...
Published on : 26 Feb 2026 , 11:34 AMAustralia Jan CPI up 3.8% y/y
Australia's Consumer Price Index rose 0.4% q/q in January, slowing from a 1.0% rise in December, but the y/y pace...
Published on : 25 Feb 2026 , 11:39 AMAustralia Dec Qtr Construction Work Done Fell -0.1% q/q
Value of construction work done in Australia fell -0.1% q/q in the December quarter and rose 3.0% y/y, data from the...
Published on : 25 Feb 2026 , 11:38 AMRBNZ increases monetary policy meetings to eight from seven
The Reserve Bank of New Zealand will have eight monetary policy meetings a year from 2027, up from seven.
... Published on : 19 Feb 2026 , 02:36 PMAustralia Jan Unemployment Rate Stays at 4.1%
Australia's unemployment rate was unchanged at 4.1% in January, data from the Australian Bureau of Statistics sho...
Published on : 19 Feb 2026 , 11:39 AMRBNZ Leaves OCR unchanged at 2.25%
The Reserve Bank of New Zealand kept the Official Cash Rate unchanged at 2.25%, meeting expectations.