RBA still too cautious about rates

The RBA shifted policy back to a more normal approach following the passing of the COVID emergency. But the forecast changes are quite modest implying that the view is still that the first rate hike is only expected by late 2023. Westpac confirms its view since June that a move by February 2023 is the most likely prospect. With rising inflation likely the pace of wages growth will be the key.

stillcautiousabout