RBA rate peaks at 4.85%(June 8)

In the Asian session on Thursday (June 8), the AUD/USD rose to 0.6662, an increase of 0.14%. Economist Andrew Boak said RBA Chairman Philip Lowe’s speech on Wednesday sent a “hawkish” signal.

The latest news from the Commonwealth of Australia:

“Combined with the data released today showing that unit labor costs unexpectedly accelerated by 7.9% year-on-year, Goldman Sachs now expects the RBA to raise interest rates by 25 basis points in July, August and September. , the peak interest rate will reach 4.85%, which is the previous forecast of 4.35%.