Indices 4/07, page-34

Meh, not super dovish in my opinion. I still see 50 bps in August.

Inflation peaking is one thing, but how long it remains high and how long it takes to get down to the 2-3% level, is another thing. Not saying his prediction wont be correct; im just saying that im not betting on the RBA pausing rate rises in the coming months. 50 in August and then maybe 25s for a couple months after that. Hard to know until we continue getting more data.

Supply chain issues and Ukraine are also situations impacting inflation that are hard to predict.