SINGAPORE, April 27 (Reuters) - Two of Australia's big four banks expect the benchmark cash rate will rise next week and a third sees increased risk of a hike after a surprisingly strong inflation reading on Wednesday.
National Australia Bank (NAB) and ANZ Bank (ANZ) pulled forward their lift-off forecasts from June to May and expect a 15 basis point hike next Tuesday. The Commonwealth Bank of Australia (CBA) said a cash rate hike was "a clear risk" but stopped short of shifting its forecast for a June hike.
Westpac (WBC) last week forecast a 40 bp hike in June. Data published on Wednesday showed inflation hit a two-decade high last quarter.
Swap-market bets on a 15 bp hike firmed about even to pricing about 90% chance the benchmark cash rate is lifted from a record-low 0.1% to 0.35%. RBAWATCH
News: WBC Australia banks pull forward hike calls after inflation surprise
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Last
$33.99 |
Change
0.080(0.24%) |
Mkt cap ! $116.2B | |||
| Open | High | Low | Value | Volume |
| $33.90 | $34.00 | $33.65 | $99.58M | 2.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1475 | $33.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.99 | 385 | 1 |
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| Last trade - 16.15pm 07/08/2025 (20 minute delay) ? |
| WBC (ASX) Chart |