In an RBA Observer note on Friday, HSBC chief economist Paul Bloxham pointed to the “upside surprise” of last week’s first-quarter GDP figures, which grew by a stronger-than-expected 3.1 per cent year-on-year.
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RBA to hold in June, says HSBC
The Reserve Bank of Australia will keep the official cash rate on hold at 1.75 per cent tomorrow, says HSBC – with last week’s stronger GDP figures likely to calm fears about low inflation.
