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RBA Governor Lowe says its plausible the cash rate will rise later this year
RBA Gov. Lowe says not clear high CPI will be sustained, still need wage growth above 3%
Australia's largest fund manager AMP says (via tweet from Dr Shane Oliver Head of Investment Strategy and Economics and Chief Economist)
- The RBA looks to be getting closer to raising rates & is now even starting to stress the importance of keeping inflation low & stable and its inflation fighting commitment.
- While its still vague on timing we see the first rate hike as being in June & expect more hawkish signals ahead
Goldman Sachs
- says there is a "hawkish pivot" by Low
- and that low, stable inflation expectations "as a precondition for sustained low employment" are going to more difficult to achieve with the rise in price for rising oil and food
Yesterday NAB dragged forward its rate hike lift off expectation:
WPAC is at August also
Lowe and dep gov Debelle. Debelle is speaking later.
Preview is here:
The governor and deputy governor of the RBA are both speaking on Wednesday