Reserve Bank of Australia
Analysts at US investment bank Goldman Sachs were expecting this today, Friday Australian reserve It could raise interest rates by 25 basis points each month through May 2023 and expect the final rate to go up to 4.1% from 3.6%.
In this context, bank experts explained that their expectations regarding the Australian Reserve’s final interest rate decisions are generally in line with financial market expectations regarding the interest rate, and it was reported that the Financial market economists previously predicted that the Australian reserve would raise its interest rate to 4% by September 2023.
It is worth noting that economists at Goldman Sachs have previously said that the Australian Reserve has continued to raise interest rates at a slower pace as the Australian economy has been exposed to high inflation rates faster than the expected in the third quarter and that raising the interest rate at a low pace would help achieve the 2-3% inflation target over the medium term.
Bullock: The Reserve Bank of Australia may need to hike rates further
