RBA Board to Raise Cash Rate by 25 Basis Points at August Meeting, Maintain Tightening Bias

<p>The Reserve Bank Board meets next week on August 1. Westpac has consistently argued that a further increase in the cash rate should be the appropriate policy response at the August meeting and we confirm that view. We also believe that the Board should maintain its tightening bias, repeating the sentence: &#8220;Some further tightening of [&#8230;]</p>
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