ANZ raise its forecast for the RBA terminal rate to 4.35% (from 4.10%)

Earlier on the Reserve Bank of Australia:

• Two outliers are forecasting another 75bp of rate hikes from the RBA, cash rate to 4.6%

ANZ have bumped their end-rate higher:

• We no longer see 4.1% as sufficient to bring inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term back to the target in a reasonable time.
• We see August most likely for a move.

The next Reserve Bank of Australia meeting is on June 6.

• statement is due at 2.30 pm Sydney time, which is 0430 GMT and 12.30am US Eastern time

The current cash rate