Newsquawk Central Banks - PREVIEW: RBA Rate Decision is Scheduled for Tuesday 4th April 2023 at 05:30BST/ 00:30EDT
SourceNewsquawk
SectionRBA
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- Economists surveyed by Reuters are near-evenly split between a 25bps hike in the Cash Rate to 3.85% or a pause, while money markets are more decisive via an 85% pause probability.
- The central bank has kept its options open for April and suggested that its actions will be determined by the data, while releases have been mixed, including softer monthly CPI which supports the case for a pause.
- Attention will also be on clues regarding future policy as the current median view is for a pause after this meeting and keeping rates at 3.85% for the rest of the year.