RBA to hike OCR by 25 bps on Tuesday amid high inflation – Goldman Sachs

Economists at Goldman Sachs expect the Reserve Bank of Australia (RBA) to raise the official cash rate (OCR) by 25 basis points (bps) on Tuesday.

Key quotes

“The CPI is too high and that of the services sectors is accelerating.”

“Ultimately, Australian inflation is far too high.”

“Clearer signs of an acceleration from persistent sources in the services sector.”

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