Barclays: What we expect from the November RBA meeting ...Middle East

Barclays expects the RBA to adopt a hawkish tone at its November meeting, reinforcing the message that rate cuts are unlikely in 2024. With the Australian economy operating above potential and core inflation still above target, the RBA is expected to signal a steady path for now, while providing updated economic forecasts.Key Points:Hawkish Stance Maintained: Barclays anticipates the RBA will convey that rate cuts are not expected until at least 2025.Above-Potential Economy: The Australian economy remains above potential, justifying a cautious approach to easing.Core Inflation Concerns: Core inflation remains outside the RBA’s target range, reinforcing the need for a hawkish tone.Statement o

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Barclays: What we expect from the November RBA meeting ...Middle East

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