Published July 4, 2022 9:50 pm est
by Richard F. Cason, 
Editor in Chief,
NewsMovesmarketsForex
Key Issues-
- Reserve Bank of Australia Monetary Policy Committee meets Tuesday, July 5, 2022- consensus- expected to Hike interest rates
- AUD inflation rate is currency @ CPI 5.1; however, Governor Lowe stated in June 2022 that he expects inflation to rise above the 7% level by close of 2022
- Reserve Bank of Australia (RBA), Target inflation rate is 2-3% range
- In the last Policy meeting June 7 the RBA MPC raised the cash target rate by 50 bps, the likely hood of a rate increase in tomorrow’s meeting is extremely probable
The Reserve Bank of Australia Monetary Policy Committee meet’s on, July 5, 2022 led by Governor Philp Lowe. It is highly expected by our source that the RBA will likely raise rates in July’s Monetary policy meeting by 50 bps.
The Inflation bug seems to be a persistent global parasite that has of late been sucking the life’s blood out of countless Economies around the world.
The Russian Ukraine conflict as well as the China lock downs, have been fanning the recessionary turbulent head winds; whereby, stifling global supply chains and propelling food, energy and utility prices to catastrophic levels in Australia economic ecosystem.
Will RBA MPC Raise the Target Cash rate in July 2022
We believe the short answer is Yes.
I specially asked world renowned economist Marc Ostwald who is an expert Chief Economist & Global
Strategist with ADM Investor Services International head quartered in London England, 
his insights and opinion on what he thought the Reserve Bank of Australia would do in Tuesday’s interest rate decision meeting and Mr. Ostwald stated:
“RBA will hike by 50 bps, finding themselves in the same boat as other central banks in being complacent about inflation pressures, and now having to play catch-up so as to get back to a putative neutral (i.e. non-accommodative) level, they will likely revert to 25 bps in August, but much depends on the end -July Q2 CPI, that is likely to see headline CPI hit 6.0% (highest for 20 years).
While they have not mentioned house prices (which are slowing), they will be aware that a cumulative 150 bps of rate hikes will impact mortgage repayment rates, given that many Australian mortgages are variable rate, and this will present a considerable headwind to consumer spending.”
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Expert Economist:
Marc Ostwald an expert Chief Economist & Global Strategist with ADM Investor Services International
Marc Osterwall is a world renowned Expert Economist who Analyzes and forecast macro/microeconomic trends and central bank policies on a exponential economic level. Mr. Osterwall is a regular guest on Bloomberg BNN, HT & Radio, BBC, CNBC, Le Fonti International and is widely quoted on newswires, newspapers, and other digital media worldwide. He is also a regular conference speaker and guest lecturer at various universities.
