AMP: RBA can Pause Rate Hikes next Week

AMP Capital senior economist Diana Mousina said recent Australian economic data showed that while economic activity was still growing, it had lost some momentum since the end of 2022, suggesting that rate hikes were working. The banking crisis in the US and Europe is another issue for the Reserve Bank of Australia (RBA) to consider. The RBA is expected to keep its cash rate on hold next week, given the weakening domestic economic momentum, slowing inflation and risks in the global banking sector.