Goldman Sachs had previously been projecting a 25bp interest rate rise from the Reserve Bank of Australia in August and 25 bp in September.
- Revised now to +50bp at both of those meetings.
On Tuesday evening Reserve Bank of Australia Governor Lowe gave in interview on the local telly:
Expectations are already in place for a 50bp rate rise at the next meeting, July 5.
The REBA, like so many other central banks, is well behind the curve.
