<p>The Reserve Bank of Australia statement is due at 0430 GMT on 6 September 2022.</p><p>Earlier previews are here:</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-rate-hike-coming-up-next-week-preview-of-another-50bp-hike-20220902/" target="_blank">RBA rate hike coming up next week – preview of another 50bp hike</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/rba-monetary-policy-meeting-tuesday-september-6-preview-tldr-50bp-hike-coming-up-20220901/" target="_blank" data-article-link="true" class="article-link">RBA monetary policy meeting Tuesday September 6 – preview (TL;DR +50bp hike coming up)</a></li><li><a href="https://www.forexlive.com/centralbank/poll-of-analysts-rba-to-hike-its-cash-rate-by-50bp-on-tuesday-6-september-20220902/" target="_blank" data-article-link="true" class="article-link vertical-align-baseline">Poll of analysts – RBA to hike its cash rate by 50bp on Tuesday 6 September</a></li></ul><p>Scanning through some of the comments on what Commonwealth Bank of Australia (CBA – one of Australia's 'big four' banks) is expecting ahead. In summary: </p><ul><li>says the RBA is broadly expected to continue to raise the cash rate</li><li>CBA's base forecast is for a further 75 basis points of rate hikes over coming months</li><li>cash rate to peak at 2.6%, late in 2022</li><li>there is a risk of a higher terminal rate, around 2.85%</li></ul><p>CBA then has the earliest projection (of the big 4 Australian banks) of when the RBA will stop hiking and actually cut the cash rate.</p><ul><li>CBA points out its 2.6% peak forecast is the most conservative among analysts</li><li>expects the RBA to cut the cash rate by 50 basis points in H2 of 2023</li></ul><p>—</p><p>Current RBA cash rate target:</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
