RBA Preview: Two scenarios and their implications for AUD/USD – TDS RBA AUDUSD Macroeconomics Banks
“The motivation for the RBA to hike would be 1) It would be highly unlikely 1 month will be enough time for the RBA to assess the impact of its hikes since May'22. So why stop in April?; 2) The RBA could hike in April noting inflation is still high but signaling it's moving in the right direction leaving scope to pause in May following monthly inflation data for Jan and Feb suggesting Q1'23 CPI comes in below the RBA's implied 1.
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