Barclays’ Shreya Sodhani and Rahul Bajoria are predicting another 50-bp hike in July, followed by 40 bps in August, which will take the cash rate to 1.75 per cent.
In a note issued following the Reserve Bank’s (RBA) bold inflation-fighting move that saw rates surge by 50 bps for the first time since 2001, Barclays said that while it was “bigger than most expected, the hike was not a surprise”.
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