RBA Tracker

Time to shift gears

New year, new RBA outlook?

Yes, kind of.

We expect the RBA Board and Governor Bullock to provide a more even handed outlook for interest rates.

Our view is that the shift in Bank of Canada communications is a good blueprint of what to expect (see below). That is, don’t completely rule out the risk of another hike, but suggest that the discussion is shifting to how long the cash rate will remain at the current level.