CBA sees one more rate hike by the RBA, most likely in August

Commonwealth Bank is one of Australia's "big four" but all of them got it wrong when it came to forecasting a decision for yesterday's RBA meeting. The bank now sees just one more rate hike after the surprise yesterday, with it being a 25 bps move in August to bring the cash rate to 4.35%. More from earlier:

• Morgan Stanley says the RBA is likely to raise rates only once more
• Goldman Sachs are looking for peak RBA cash rate of 4.85% in September 2023 (4.35% prior)