Westpac had been expecting a +25bp rate hike, now a hold decision.
- still expect a +25bp hike at the May meeting
- lowers peak RBA cash rate hike to 3.85% (from 4.1%)
WPAC, in sunnary:
- Following the weaker-than-expected data flow since the February Board meeting and adverse developments in global markets we expect the RBA Board to pause at the April meeting.
more to come
Leave a Reply