...Bold. But I think we would be surprised if RBA does so.
...The no cut for 2024 is painful enough for all.
Rabobank has today revised our forecast on the @RBAInfo
cash rate. We now project 2x 25bps rate hikes in Aug and Nov this year. We no longer expect any cuts in 2024 or 2025. Removal of cuts is informed by our house view that Trump wins election and enacts inflationary tariffs.
