Citi economists say that after the Reserve Bank of Australia's recent unanimous hawkish hike, the bank is likely to raise rates again in November. The call reflects persistent inf and realized upside risks, including firms passing cost pressures into goods and services. Citi notes the RBA tightened despite cooling housing activity, signaling a bias toward fighting inf rather than supporting the labor market. Citi retains November as the preferred timing for a 25bps move and projects a terminal c

Citi economists say that after the Reserve Bank of Australia's recent unanimous hawkish hike, the bank is likely to raise rates again in November. The call reflects persistent inf and realized upside risks, including firms passing cost pressures into goods and services. Citi notes the RBA tightened despite cooling housing activity, signaling a bias toward fighting inf rather than supporting the labor market. Citi retains November as the preferred timing for a 25bps move and projects a terminal cash rate of 4.85%.