RBA hikes rates today?
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Australia's central bank is rumoured to be considering an official interest rate hike amid higher inflation and recent global.... messiness.
Whether it hikes or not will be known at 2.30pm Tuesday Australian daylight savings time.
This question is managed and resolved by Manifold.
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Buying YES. All four major Australian banks (CBA, NAB, Westpac, ANZ) are forecasting a 25bp hike at the March 17 meeting. CPI at 3.8%, well above target. Governor Bullock has stated "every meeting is live." RBA already hiked to 3.85% in February. Bloomberg reporting hikes expected in both March and May to fully reverse last year's cuts. 57% seems to significantly underprice a near-consensus call.