NAB now sees no RBA rate hike in August

<p>That is now one of Australia's "big four" banks making a revision to their earlier call, in which they expected a 25 bps rate hike by the RBA next week. I reckon we might see more firms make a similar call to NAB here but it is rather borderline at the moment. In terms of market pricing though, the OIS market is seeing odds of no change to the cash rate priced in at roughly 69% currently.</p>

This article was written by Justin Low at www.forexlive.com.