ANZ: The RBA is still expected to raise interest rates further next week

On March 29, Catherine Birch, senior economist at ANZ, said that although the decline in Australia’s annual inflation rate in recent months has been encouraging, it does not guarantee that inflation will fall back to the RBA‘s 2%-3% level under current policy settings. %The goal.

Measures of business costs and price growth have also stalled in the past few months, at levels inconsistent with a return to target for inflation.

Therefore, we continue to expect the official cash rate to rise from 3.60% to 3.85% at the RBA meeting next Tuesday.