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Goldman Sachs are looking for peak RBA cash rate of 4.85% in September 2023 (4.35% prior)

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The RBA cash rate was raised yesterday to 4.10%.

Goldman Sachs see another 75bp of rate hikes still to come. Forecast the terminal rate at 4.85% in September, from previously projecting a peak of 4.35% in July

Australia’s cash rate is lagging well behind inflation. More hikes to come says GS.

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