STOCKS | Bets on August RBA Rate Hike Rise After Jobs Report
2026-07-23 02:44:55
Australia's June employment growth was stronger than expected, prompting rate markets to increase bets on an August rate hike by the Reserve Bank of Australia. According to Jin10, the probability of an August rate hike at the RBA's policy meeting was 25% at the market open and 80% for the remainder of 2026; after the jobs data, those probabilities rose to 33% and 95%, respectively. IG market strategist Tony Sycamore said the RBA would be concerned about a tightening labor market amid high inflation.
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