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Reserve Bank of Australia: September hike expectations strengthen – TD Securities

Reserve Bank of Australia: September hike expectations strengthen – TD Securities

TD Securities’ Prashant Newnaha now expects the Reserve Bank of Australia (RBA) to raise the cash rate by 25bps to 4.60% at the late-September meeting. The change follows stronger-than-expected Q2 Gross Domestic Product (GDP) and firm discretionary consumption.

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