Economists at ANZ Bank had anticipated the Reserve Bank of Australia (RBA) to tighten via 50 bps in October. They now have the RBA money charge goal peaking at 3.6% in May 2023, up 25 bps from preceding top of 3.35%.
Peak in the RBA’s tightening cycle lifted
“We see the RBA’s choice to sluggish the tempo of charge hikes as extending the length of the cycle. The slower tempo of price hikes…