RBA Cash Rate Futures Indicate a 45% Probability of a 25bp Hike at August 6 Meeting
The Reserve Bank of Australia (RBA) is under increasing pressure to address soaring inflation, which has reached a 30-year peak. According to cash rate futures, there is now a 45% probability of a 25 basis point (bp) increase at the RBA’s upcoming meeting on August 6. This prediction comes amidst robust economic growth in Australia,…