Oil is the wider swing factor, as higher energy prices linked to the Middle East conflict feed directly into the RBA's inflation concerns. With the hike all but priced, the Australian dollar reaction is likely to turn on the tone of the statement rather than the decision itself.
With the hike all but priced, the Australian dollar reaction is likely to turn on the tone of the statement rather than the decision itself.
ING expects a hawkish hike to support AUD, though it flags a test below 0.70 against the US dollar as the near-term risk with the greenback near a two-month high, and AUD/USD was trading around 0.70 ahead...
Oil is the wider swing factor, as higher energy prices linked to the Middle East conflict feed directly into the RBA's inflation concerns.
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With the hike all but priced, the Australian dollar reaction is likely to turn on the tone of the statement rather than the decision itself. ING expects a hawkish hike to support AUD, though it flags a test below 0.70 against the US dollar as the near-term risk with the greenback near a two-month high, and AUD/USD was trading around 0.70 ahead of the decision. Oil is the wider swing factor, as higher energy prices linked to the Middle East conflict feed directly into the RBA's inflation concerns.
All four major Australian banks now forecast RBA hike to 4.60% on September 29 RBA governor Bullock flags inflation risks as higher neutral rates come into focus RBA's Bullock says supply shocks hard for policy to manage, flags second round risk...
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