🏦📊 RBA Aggressive Pricing Exceeds BoC, Fed: Cable FX Macro

**As seen in Macro Walk report 03/03/23, subscribe at cablefxm.co.uk/reports

• The weekly central bank docket is set to be heavy as we will be hearing from the RBA, the BoJ, the BoC and Powell's testimony. The Australian central bank is the only to be priced to deliver changes on monetary policy

• The RBNZ is set to deliver about 70bps of additional rate hikes by August, the RBA is expected to bring an additional 79bps of rate increases by this same time. While the RBA/RBNZ expectations are basically proportionate, the RBA is still aggressively priced in vs the BoC and the Fed

• The Bank of Canada is seen leaving policy unchanged, as it signaled a conditional pause after delivering more than 400bps of rate increases since last year. Do not forget to read our weekly note for event previews found in the Risk In The Week report at cablefxm.co.uk/reports