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RBA: Time to deliver another surprise?
On Tuesday at 05:30 UK time, the RBA will be meeting and deciding on whether to hike rates or pause on rates. At the moment, the market is pretty much evenly split over what decision the RBA will make. At the end of last week, short-term interest rate markets saw a 37% chance that the RBA would hike by 25bps and a 63% chance that it would pause on rates. So, according to short-term interest rate markets a 25 bps hike would be a surprise. A recent Reuters poll sees 16 out of 31 economists favouring a 25bps hike, with 15 seeing a pause ahead from the RBA. So, when you combine the survey with short-term interest markets ... (full story)