RBA expected to hold rates this week – UOB

Lee Sue Ann, Economist at UOB Group, comments on the upcoming interest rate decision by the RBA.

Key Quotes

Latest wages and employment data reinforce our view of the RBA holding its cash rate at 3.85% in Jun.

There, is however, some risk to our view, and that the RBA may raise the cash rate one more time this year, given that inflation remains well above target in the near term; and that the economy is still moderately resilient.