Westpac forecast an RBA rate pause at the April 4 meeting | Forexlive

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