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RBA preview: A 25 bps rate hike is priced in, but what comes after that?

The RBA looks set to raise its cash rate again tomorrow, but at this stage I would argue that the rate decision in itself is probably the least interesting part of the meeting outcome.Markets have more or less fully priced in a chance of a 25 bps rate hike, which would take the cash rate from 4

Why it matters

AUD/USD (Australian Dollar / US Dollar) · Why linked: The RBA rate decision directly drives AUD direction against the US dollar. Market context: A 25 bps hike is largely priced in, but the forward guidance and tone will drive short-term AUD/USD volatility.

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