<p>More to come</p><p>WPAC on the Reserve Bank of Australia:</p><ul><li>We have lifted our forecast terminal RBA cash rate from 3.85% to 4.1%</li><li>Since October we have consistently held the view that the cash rate would peak in May at 3.85%. We still see the date of the peak as May 2023 but now see that peak as slightly higher.</li><li>The previous view envisaged a 25 <a href="https://ift.tt/TlzZqBF" class="terms__main-term" id="00f998c1-9bcb-414d-a60b-b134310f08f2" target="_blank">basis point</a> hike in March followed by a pause in April with the final hike of 25 basis points in May. The lift in the RBA’s terminal rate from 3.85% to 4.1% reflects an additional hike in April.</li><li>Over the course of the last few months of 2022 the Board consistently referred to the possibility of pausing and, as recently as December, considered a pause as one of three policy options.</li></ul><p>----</p><p>The rate hike cycle so far from the RBA: </p> This article was written by Eamonn Sheridan at www.forexlive.com.

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