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 buying semis Jan 2028-Dec 2030
The RBA is buying semi-government bonds today for A$1.5 billion in the maturity range January 2028 to December 2030....
Published on : 15 Apr 2020 , 12:43 PMRBA buying concentrated in Nov 2022 govt bond
The RBA bought the entire A$1.5 billion it notified this morning, with 65% of the purchases concentrated in the Novem...
Published on : 14 Apr 2020 , 04:14 PMRBA buying A$1.5B govt bond at short end
The RBA is buying government bonds at the tapered pace of last Thursday, announcing a notified amount of A$...
Published on : 14 Apr 2020 , 12:07 PMRBA buys entire A$1.5B; Ylds up vs similar past purchases
The RBA bought the entire A$1.5 billion it offered to purchase today. In case of the 2028 bonds, the cut-of...
Published on : 09 Apr 2020 , 03:58 PMRBA sells US$500m at third repo auction
The Reserve Bank of Australia’s third repo auction to provide US dollars attracted marginally less demand...
Published on : 09 Apr 2020 , 12:15 PMRBA tapers bond-buying to A$1.5B
The RBA is reducing its bond-buying further today, notifying an amount of A$1.5 billion, compared with A$2.0 billion...
Published on : 09 Apr 2020 , 12:10 PMRBA Governor Lowe to deliver speech/Q&A on April 21
The RBA governor Philip Lowe will deliver a speech on April 21 on the day the minutes of the April 7 board meeting is...
Published on : 08 Apr 2020 , 10:51 AMRBA buys A$2B govt bonds mainly in 2025, 2024
The RBA bought the entire A$2 billion of April 2024-April 2026 government bonds today, focusing mainly on the 2025 an...
Published on : 07 Apr 2020 , 04:39 PMRBA buying A$2B 2024-2026 bonds today
The RBA is buying government bonds at the short to medium end, with an announcement today to purchase A$2.0 bill...
Published on : 07 Apr 2020 , 12:28 PMRBA buys more of May 2028 govt bonds
The RBA bought the entire A$2 billion it offered to purchase today, focusing mainly on May 2028 bond. The cut-off yie...
Published on : 06 Apr 2020 , 04:08 PM