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Citi reiterates forecast for RBA rate hike

Citi reiterates forecast for RBA rate hike

Priya Shah 2 weeks ago
Analysts at Citi are maintaining their forecast for a 25 basis point Reserve Bank of Australia rate hike in August. They cite Australia's recent minimum wage increase, layered on top of existing cost pressures, as reinforcing their call. The bank highlighted persistent upside inflation risks into the second half of the year, with the wage decision adding to business cost burdens. This was reported by Eamonn Sheridan at investinglive.com.
United States

Citi reiterates forecast for RBA rate hike

Priya Shah 2 weeks ago
Analysts at Citi are maintaining their forecast for a 25 basis point Reserve Bank of Australia rate hike in August. They cite Australia's recent minimum wage increase, layered on top of existing cost pressures, as reinforcing their call. The bank highlighted persistent upside inflation risks into the second half of the year, with the wage decision adding to business cost burdens. This was reported by Eamonn Sheridan at investinglive.com.
United States
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