The Reserve Bank of Australia statement is due on Tuesday, 7 May 2024 at 2.30 pm Sydney time:0430 GMT0030 US Eastern time I posted on Friday that all but one analyst of the 37 surveyed expect the Bank to remain on hold. RBA meeting next week - preview - Cash rate to remain unchangedCapital Economics is opting for a 25bp rate hike:“Our forecast is a line ball call, but a 5 per cent chance is too low,” “Inflation is proving stickier and stronger than the RBA expected, and is on track to overshoot their target for four years, which is quite long. “The labour market and wages in the services sector risks keeping price pressures higher for longer.”The article in the Australian Financial Review
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