Will the Australian Official Cash Rate be increased when the RBA Board Meets on the 7th of November
Economics•Interest Rates•Australia
26
184
Ṁ490
resolved Nov 7
Resolved
YES

If after the Reserve Bank of Australia Board meets on 7th of November 2023 the official cash rate is more than 4.10%.

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predicted YES

Decided to make the same market for December:

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@chrisjbillington I thought it was November 6th today. I was so confused by this.

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https://www.reuters.com/business/finance/rba-deliver-25-bp-interest-rate-hike-nov-7-2023-11-03/

RBA to deliver 25 bp interest rate hike on Nov. 7 - Reuters poll
Australia's central bank will raise its key policy rate by 25 basis points to 4.35% on Tuesday after keeping borrowing costs steady at its last four meetings, as inflation proves surprisingly strong, a Reuters poll found.

Nearly 90%, 34 of 39 economists in the poll said the RBA would raise its official cash rate (AUCBIR=ECI) 25 basis points to 4.35% on Nov. 7, a level not seen since November 2011.

Among the remaining five, one predicted a 15 basis points hike and four expected 4.10% to be the terminal rate.

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All big four banks predict November rate hike after Michele Bullock makes first Senate estimates appearance as RBA governor — as it happened - ABC News

https://amp.abc.net.au/article/103021814

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