Australia Set for Consecutive Half-Point Interest Rate Hikes

Bloomberg2022-06-14

19 of 24 economists see a half-point increase in July to 1.35%Goldman forecasts cash rate will reach 2.6% by end of the yearPhilip Lowe, governor of the Reserve Bank of Australia.Photographer: Brent ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Cl11
2022-06-14
Cl11
O

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1157222414?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-14 16:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1157222414","market":null,"top_or_hot":-1,"title":"Australia Set for Consecutive Half-Point Interest Rate Hikes","media":"Bloomberg","content":"<div>\n<p>19 of 24 economists see a half-point increase in July to 1.35%Goldman forecasts cash rate will reach 2.6% by end of the yearPhilip Lowe, governor of the Reserve Bank of Australia.Photographer: Brent ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-06-14/australia-set-for-consecutive-50-point-rate-hikes-survey-shows\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia Set for Consecutive Half-Point Interest Rate Hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia Set for Consecutive Half-Point Interest Rate Hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-14 16:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-06-14/australia-set-for-consecutive-50-point-rate-hikes-survey-shows><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>19 of 24 economists see a half-point increase in July to 1.35%Goldman forecasts cash rate will reach 2.6% by end of the yearPhilip Lowe, governor of the Reserve Bank of Australia.Photographer: Brent ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-06-14/australia-set-for-consecutive-50-point-rate-hikes-survey-shows\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-06-14/australia-set-for-consecutive-50-point-rate-hikes-survey-shows","article_id":"1157222414","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1157222414","pubTimestamp":1655196826,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"19 of 24 economists see a half-point increase in July to 1.35%Goldman forecasts cash rate will reach","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"澳大利亚将连续加息半个百分点","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"19 of 24 economists see a half-point increase in July to 1.35%Goldman forecasts cash rate will reach 2.6% by end of the yearPhilip Lowe, governor of the Reserve Bank of Australia.Photographer: Brent Lewin/BloombergAustralia’s central bank is poised for its first ever consecutive 50 basis-point monthly interest-rate increases as policy makers intensify efforts to rein in escalating inflation, economists and traders predict.The Reserve Bank of Australia will raise its cash rate to 1.35% next month from a current 0.85%, according to 19 of 24 economists surveyed by Bloomberg between June 9-13. They have been revising up their forecasts following Governor Philip Lowe’s bigger-than-expected hike last week.Lowe is scheduled to speak in an interview with Australian Broadcasting Corp. television at 7:30 p.m. Sydney time Tuesday, in his first public appearance since last week’s rate hike.The RBA is among more than 50 monetary authorities to have raised rates by at least a half-point in one move this year. Australia’s power prices are soaring and labor costs are also pushing higher, exacerbating offshore pressures from Russia’s war on Ukraine and China’s virus lockdowns.Goldman Sachs Inc., which correctly predicted last week’s 50-basis-point rate increase, is among those forecasting the RBA will follow up with another half-point hike in July and keep raising the benchmark to 2.6% by year’s end.“We view risks as skewed to an even faster pace of tightening, including a material risk of an additional 50-basis-point hike in August,” said Andrew Boak, chief economist at Goldman in Australia.“While this represents a rapid policy tightening over the coming year, our recent analysis suggests the Australian economy will be able to absorb materially higher interest rates in the near-term,” he said.To date, firms have managed to cope with rising costs, though a private survey by National Australia Bank Ltd. released on Tuesday showed sentiment easing.It also highlighted price pressures were increasing in May with retail inflation jumping to 3.1% in quarterly terms, suggesting another high inflation reading for the three months through June.“The economy has maintained its momentum,” said Alan Oster, chief economist at NAB. “Most businesses are in a strong position despite the inflation headwinds, with the lift-off in official interest rates and global growth risks yet to significantly impact Australia’s economic trajectory.”The nation’s heavily indebted households, however, are feeling less upbeat as higher mortgage repayments and surging prices squeeze their budgets.Concerns that consumers will crimp spending in response to policy tightening have prompted some economists to predict rate cuts later next year.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9052735781,"gmtCreate":1655211068643,"gmtModify":1676535584035,"author":{"id":"4106966283834260","authorId":"4106966283834260","name":"Cl11","avatar":"https://community-static.tradeup.com/news/8f5a8d86528fc0c33ba930c437756fd9","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":1,"crmLevelSwitch":0,"idStr":"4106966283834260","authorIdStr":"4106966283834260"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9052735781","repostId":1157222414,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":15,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1157222414"}