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Analysts at Danske Bank note that the Minutes from the 4 September monetary policy meeting in the Reserve Bank of Australia confirmed that the next move in interest rates is likely to be a hike.

Key Quotes

“However, while the RBA expects GDP growth likely to remain ‘above potential’, it also warned that ‘significant tensions’ around trade policy are a ‘material risk’ to the global outlook.”

“We expect the RBA to hike the cash rate by 25bp within the next 12 months.”

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