5 June
Goldman raises Australian peak rate forecast to 4.1%
Analysts at Goldman Sachs Group Inc. believe that Australia's large-scale and prolonged surge in inflation, along with the decision of the country's central bank to take the course of a smaller interest rate increase, will entail a higher rate in the future.
By May next year, Goldman economists, led by Andrew Boak, expect to see an interest rate hike of a quarter of a percentage point. Thus, according to the analytical report released on Monday, the rate will reach a value of 4.1%, although the previous forecast value was at the level of 3.6%. This figure is significantly higher than the average estimate of 3.45% by economists, obtained in the Bloomberg survey.
Recommended
5 June
5 June
5 June
5 June
5 June
Top news
5 June
5 June
4 June
2 June