Westpac Maintains View That RBA is Done Hiking Rates

Dow Jones
08/28

0456 GMT - The Reserve Bank of Australia will continue sounding hawkish, but there's not enough in recent data to prompt a further rise in official interest rates this year, says Justin Smirk, economist at Westpac. Despite higher-than-expected inflation in July, inflation is still trending lower overall and the job market is showing signs of slowing. That alone will significantly tempers the risk of a further interest rate hike, he adds.

 

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