RBA Interest Rate Hike Looms Amid Market Expectations

The Reserve Bank of Australia (RBA) is set to announce its latest policy decision on Tuesday, with expectations high that it will hike interest rates by 25 basis points to 4.60%.

Danske Bank believes the move is almost fully priced in by markets, which expect a total of two to three more hikes over the coming year.

However, Neil Wilson, UK investor strategist at Saxo Markets, suggests that while the RBA will likely raise rates, it may signal a willingness to tighten further without committing to additional hikes in November or December.