Goldman Sachs is expecting a Reserve Bank of Australia interest rate hike tomorrow

The Reserve Bank of Australia monetary policy meeting is on Tuesday, 4 April 2023

The Statement is due at 2.30 pm local time in Sydney

• 0430 GMT
• 1230 am US Eastern time

There is no press conference scheduled by Reserve Bank of Australia Governor Lowe, there rarely is. However, he will be speaking publicly the following day. He'll get a grilling during the Q&A for sure.

Earlier previews:

• RBA April 4 meeting poll - analysts evenly split on +25bp hike vs. pause

• NAB slashed their peak RBA cash rate forecast - here's what others expect
• Commonwealth Bank of Australia expect an RBA pause at the April 4th meeting
• RBA April 4 meeting preview - Westpac says the RBA has a preference to pause, and will

Goldman Sachs is in the +25bp rate hike camp, saying the CPI is too high and that of the services sectors is accelerating:

• Ultimately, Australian 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 is far too high
• clearer signs of an acceleration from persistent sources in the services sector