RBA to hike by another half-point in September, slower pace of tightening ahead – Reuters poll, Pivot Orderbook analysis

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Australia’s central bank will raise the cash rate by another half-point on Tuesday to curb soaring inflation but will moderate the pace of hikes for the remainder of the year, a Reuters poll of economists found.

The survey update also mentioned that the Reserve Bank of Australia (RBA), one of the later entrants to the global monetary policy-tightening cycle, has raised rates by a total of 175 basis points since May to 1.85%.

Also read: AUD/USD bears stay in dominant position below 0.6800, US NFP, RBA eyed

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