Economics

RBA Seen Hiking as Early as June as Dovish Message Falls Flat

Two economists see June rate rise, nine more an August liftoff
Most economists see the cash rate at 1-1.5% by December 2023

Philip Lowe speaks in Sydney on Feb. 2.Photographer: Brent Lewin/Bloomberg

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By Swati Pandey and Tomoko Sato

February 3, 2022 at 4:55 AM UTC

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Reserve Bank of Australia Governor Philip Lowe’s dovish message this week failed to shift markets or economists from their view that interest-rate rises will begin in just a few months’ time, a survey showed.