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📝RBA To Hike Cash Rate 15bps To 0.25% In June: Goldman Sachs

Expect the RBA to lift rates 15bps to 0.25% in June as April CPI and May wages are seen coming firmer. An earlier lift-off in May is possible, but the RBA's guidance that will assess important additional evidence over the coming months makes this outcome less likely. We see the RBA hiking in the pace of 25bps in July and August. Beyond that, we expect a more cautious quarterly tightening until the terminal rate of 2.5% in 2Q2024 - Goldman Sachs Chief Economist



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