CBA: RBA interest rate hiking cycle is now expected to be more aggressive – ForexLive

CBA comments from earlier, following the release of in-house spending data, their survey of household spending intentions:

  • strength in home-buying, health & fitness and transport
  • falls in entertainment, travel and insurance

On their Reserve Bank of Australia outlook:

  • “The RBA interest rate hiking cycle has started and is now expected to be more aggressive than earlier anticipated,”
  • “We have already seen early indicators of softness in CBA credit & debit card spending data. We have revised higher our terminal cash rate forecast to 2.1% and downgraded our economic growth outlook and dwelling price forecasts.”

Source: https://www.forexlive.com/centralbank/cba-rba-interest-rate-hiking-cycle-is-now-expected-to-be-more-aggressive-20220614/

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