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Australian Dollar: Hawkish RBA hike expectations – ING

ING’s Francesco Pesole expects the Reserve Bank of Australia to deliver a 25bp rate hike to 4.60%, with Governor Bullock likely leaving the door open for furthe

ING’s Francesco Pesole expects the Reserve Bank of Australia to deliver a 25bp rate hike to 4.60%, with Governor Bullock likely leaving the door open for further tightening.

Persistent inflation concerns, tight labour markets and resilient growth underpin this view.

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