-- The Reserve Bank of Australia is expected to increase its cash rate to 4.35% at its May 5 policy meeting, which would mark the third consecutive hike of 25 basis points, according to a Reuters poll of economists published Friday.
More than a third of the economists surveyed now expect the rate to hit at least 4.6% within the year, compared with none in a survey conducted in March, Reuters reported.
The central bank started raising borrowing costs in early February after inflation stayed above its 2% to 3% target range since the middle of 2025.
If it increases the rate again on May 5, the move would fully reverse rate cuts made last year, according to the report.
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