Goldman Sachs is expecting a Reserve Bank of Australia interest rate hike tomorrow

<p>The Reserve Bank of Australia monetary policy meeting is on Monday, 3 April 2023. </p><p>The Statement is due at 2.30 pm local time in Sydney</p><ul><li>0430 GMT</li><li>1230 am US Eastern time</li></ul><p>There is no press conference scheduled by Reserve Bank of Australia Governor Lowe, there rarely is. However, he will be speaking publicly the following day. He'll get a grilling during the Q&amp;A for sure. </p><p>Earlier previews:</p><ul><li><a href="https://ift.tt/pVPQuAw" target="_blank" rel="follow" data-article-link="true">RBA April 4 meeting poll - analysts evenly split on +25bp hike vs. pause</a></li></ul><ul><li><a href="https://ift.tt/05nlfwE" rel="follow" target="_blank" data-article-link="true" class="article-link">NAB slashed their peak RBA cash rate forecast - here's what others expect</a></li><li><a href="https://ift.tt/d5Y3WXR" rel="follow" target="_self" class="article-link vertical-align-baseline">Commonwealth Bank of Australia expect an RBA pause at the April 4th meeting</a></li><li><a href="https://ift.tt/ZJznlrL" rel="follow" target="_blank" data-article-link="true" class="article-link">RBA April 4 meeting preview - Westpac says the RBA has a preference to pause, and will</a></li></ul><p>Goldman Sachs is in the +25bp rate hike camp, saying the CPI is too high and that of the services sectors is accelerating:</p><ul><li>Ultimately, Australian <a href="https://ift.tt/xICWElG" class="terms__main-term" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa">inflation</a> is far too high</li><li>clearer signs of an acceleration from persistent sources in the services sector</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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