Low impact
RBA Deputy Governor Andrew Hauser said Australia's inflation outlook is worse than forecast, with Goldman Sachs now expecting a 25bp RBA rate hike to 4.85% on 3 November.
InvestingLive10/21, 10:36 AM
- 4.85%
- 25 basis points
- 3 November
- 6.7192
Figures as quoted by InvestingLive
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
AUD
Would push up
WeeksMedium confidence
Hawkish RBA hike bet after Hauser's inflation remarks supports AUD into the 3 November decision.
What could change this
The hike is not yet confirmed and could be reassessed if incoming data softens the inflation case before 3 November.
AUD/USD before and after this story
0.7036+0.24%vs previous close
This story
10/15, 04:00 AMNow