RBA could hike rates before 2024 – UOB

Economist at UOB Group Lee Sue Ann comments on the upcoming RBA monetary policy meeting.

Key Quotes

“We expect the current Quantitative Easing (QE) program to continue until February 2022. We now also flag the potential for rate hikes to come earlier than our initial projection of early 2024, although we still believe current market pricing of RBA rate hikes is too aggressive.”

“We are now looking at rate hikes beginning in 4Q23.”