Goldman Sachs adjust their forecast for RBA August meeting to +75bps (from +50 previo

[Forex News]

Goldman Sachs revise their forecast for the Reserve Bank of Australia after the blockbuster jobs report earlier today:

• Given the strong outcome, we now expect the RBA to accelerate the pace of rate hikes to +75bp to 2.1% in August as our base case (previously +50bp, with 35% chance of +75bp in August).
• While a close call, we continue to expect the pace of hikes to slow to +50bp/25bp/25bp/25bp in Sep/Oct/Nov/Dec, to reach a terminal rate of 3.35% (vs 3.1% previously).

Jobs report is here

This article was written by Eamonn Sheridan at www.forexlive.com.

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