UBS now sees the RBA hiking rates twice more to lift the Cash Rate to 4.60%
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US senior defence official expects a decision to send 10,000 additional troops to the Middle East next week, according to Axios
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UBS now sees the RBA hiking rates twice more to lift the Cash Rate to 4.60%
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UAE pushes for international force to reopen Hormuz, according to FT
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Context
UBS's revision of the RBA's rate outlook to two additional hikes suggests an increasingly hawkish stance, possibly reflecting ongoing inflationary pressures in Australia. This could influence market expectations, pushing yields higher and strengthening the AUD as traders position for a tighter monetary policy environment.
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