Banks flag February rate hike as RBA ‘on a knife edge’
Major banks have shifted to expect a February rate hike after stronger growth and stubborn inflation raised policy risks. Australia’s monetary policy debate has sharpened after CBA and NAB signalled the first cash rate hike could land as early as February, aligning with ANZ’s view that the Reserve Bank is now operating “on a knife edge”. In updated forecasts released on Tuesday, both CBA and...
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