In recent weeks, the Reserve Bank of Australia has continued to push back against expectations of monetary tightening. We think the RBA will keep policy settings unchanged at the meeting on 6th April. And later this year we expect the Bank to announce a further extension to its asset purchase programme. What’s more, we think the market is overzealous in pricing in rate hikes as early as next year. We think rates will be on hold at least for a couple more years and probably until 2024.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services