📝Can't Rule Out 100Bps Rate Hike From The RBA: Nomura

June's strong labour market data and the hawkish developments from other central banks will be impossible to ignore for the RBA. We have recently seen more hawkish-hawkish-than-expected guidance from the RBNZ and 100bps hike from the BoC, we are also expecting a move of this magnitude from the Fed later this month. If Australia Q2 CPI data delivers a significant upside surprise on July 27, we do not rule out a 100bp increase from the RBA. - Nomura Chief Economist