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Australia's RBA Likely to Hike Rates Again in August If Oil Prices Fall Slowly, Westpac Economist Says

Commodities Forex

2026-06-28 23:11:05

According to Jin10, Australia's central bank may raise official rates further in August due to persistent domestic inflation concerns, according to Matthew Hassan, Westpac's head of Australian macroeconomic forecasting. Hassan noted that the normalization of oil and natural gas supply will be a slow and winding process, and the RBA's decision to hike will be difficult given already weak economic growth.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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