Preview of the RBA policy meeting on Tuesday, 5 July 2022

Snippet via National Australia Bank:

• the market including NAB widely expecting another 50 bps hike to 1.35%.
• In his last outing two Fridays ago, Governor Lowe was reasonably explicit noting “we have a meeting in July, we’ll be discussing 25 or 50 again”.
• Robust retail sales and very strong job vacancies data last week only further strengthen the case to continue to move quickly away from emergency settings.

I posted earlier on ING also calling +50.

• AUD approaches Tuesday's RBA meeting with mostly headwinds - not much rebound expected

Also:

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