ANZ maintain their forecast for an RBA rate hike at the April and May policy meetings

On the Reserve Bank of Australia, ANZ:

• Despite a dovish shift in market pricing for the RBA, from 12bp for the RBA’s April decision last week to 0.9bp today, we still expect the RBA to increase the cash rate by 25bps, in both April and May.
• This would bring the cash rate to 4.1%

ANZ illustrate the market pricing:

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Westpac take a different view:

• Westpac forecast an RBA rate pause at the April 4 meeting