ICYMI - RBA to raise the cash rate target by 50bp in July - BoA forecast

Adam had the post, Thursday US time:

• RBA to hike 50bps next week; AUD likely to stay under pressure - BofA

BoA are on the consensus, most are projecting +50bps.

The Reserve Bank of Australia meeting is on July 5, the statement is due at 0430 GMT

All four of Australia's 'big four' banks, ANZ, NAB, CBA, Westpac are forecasting +50bp.

ANZ:

• "The Reserve Bank looks to be playing catchup with accelerating inflation. The challenge for the RBA is to minimise the spillover into broader inflationary pressures. It seems awake to this challenge"

Earlier:

• WPAC: We expect the Board will decide to follow the 50bp rate increase in June with a further 50bp increase in July.
• UBS forecast 50bp rate hikes for the RBA in July