ANZ still expect a rate rise from the RBA next week, a +25bp cash rate hike

<p>An unchanged call for the Reserve Bank of Australia even after the better inflation figures earlier:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-asia-pacific-fx-news-wrap-australian-inflation-surge-slows-a-little-20230628/" target="_blank" rel="follow" data-article-link="true">ForexLive Asia-Pacific FX news wrap: Australian inflation surge slows a little</a></li></ul><p>ANZ:</p><ul><li>We still expect a rate rise from the RBA in July despite the deceleration of monthly inflation (though the risk of a pause increases). </li><li>CPI ex volatile items and holidays barely moved in May. </li><li>Strong jobs momentum may also sway the RBA’s decision towards a rise.</li></ul><p>ANZ are forecasting a +25bp cash rate hike. The RBA meet on July 4.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.