May Meeting, RBA Set for Third Straight Hike as Hormuz Closure Drives Inflation Surge
Reuters poll: RBA to hike 25bps to 4.35% on May 5, say 30 of 33 economists. Reuters poll: RBA to hike 25bps to 4.35% on May 5, say 30 of 33 economists. Over a third now see rates at 4.60%+ by year-end vs none in March. Strait of Hormuz closure keeps oil above $100;