Westpac forecasts no change in RBA cash rate next week (previously at +25bp rate hike)

A forecast for the Reserve Bank of Australia meeting next week, May 2.

Westpac now project no rate hike at this meeting. WPAC were previously forecasting a +25bp hike.

WPAC says likely the the cash rate has now peaked at 3.6% (WPAC previously forecast the peak at 3.85%).

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the change of call comes after the lower inflation data earlier this week.