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2026-02-17 11:09:40
[Commonwealth Bank of Australia: RBA Expected to Raise Rates in May, Meeting Minutes Show "Fundamental Reassessment"] Commonwealth Bank of Australia economist Belinda Allen stated that the minutes of the Reserve Bank of Australia's (RBA) February policy meeting showed that the bank has been fundamentally reassessing the economic situation in recent months. Allen pointed out that the minutes highlighted several key changes: aggregate demand was stronger than previously expected, aggregate supply was more constrained than expected, and the current overnight cash rate level was less restrictive than expected, or even potentially non-restrictive. She added that upcoming economic data will be the focus of attention ahead of the next few meetings. Commonwealth Bank of Australia expects the RBA to announce an interest rate hike in May after the release of the first-quarter CPI data.
