Australian Dollar: RBA tightening risks rise – TD Securities

Prashant Newnaha, a TD Securities analyst, pointed out that Australia's July Consumer Price Index (CPI) delivered a strong inflation impulse, with both headline and trimmed mean measures surpassing expectations and remaining notably high. This outcome raises the likelihood of the September Reserve Bank of Australia (RBA) meeting, increasing the chance of a rate hike by year-end, despite TD Securities' official forecast to keep the cash rate on hold.

The July CPI data confirms the September RBA meeting as live, with the possibility of a hike as early as next month. The article aligns the September RBA Board meeting with the November meeting as the next likely month for a potential rate hike.