Investing.com-- The Reserve Bank of Australia is widely expected to keep interest rates steady on Tuesday, although investors were on guard over the bank taking up a hawkish stance amid signs of sticky inflation.RBA to wax hawkish, but rate hikes will take much more
“While we don’t expect the Board to explicitly discuss a rate hike, the communication on Tuesday will be more hawkish than March,” ANZ analysts wrote in a note. But Westpac analysts also said that such a scenario did not appear likely, and that they expected the RBA’s next move to be a cut, albeit much later in the year.
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