{
  "id": 5088557,
  "title": "Reserve Bank of Australia: September hike expectations strengthen – TD Securities",
  "url": "https://urgent.news/2026/09/02/reserve-bank-of-australia-september-hike-expectations-strengthen-td",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T13:02:12.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/reserve-bank-of-australia-september-hike-expectations-strengthen-td-securities-202609021302"
  },
  "original_language": "en",
  "account": "TD Securities' analyst Prashant Newnaha anticipates the Reserve Bank of Australia (RBA) will raise the cash rate by 25 basis points to 4.60% during their late-September meeting. This prediction follows robust Q2 GDP growth and increased discretionary consumption. While Newnaha believes growth is slightly above trend, he notes that the Bank has indicated a need for economic slowdown to curb inflation. The Q2 GDP data strengthens the case for a rate hike, with implied quarterly growth in Q3 and Q4 expected at 0.3% q/q to meet the RBA's August 26 Monetary Policy Statement forecasts. S&P's Composite PMI survey for July and August suggests growth will improve in Q3 and potentially surpass the RBA's Q3 GDP projection. Household consumption aligned with the Bank's 0.4% q/q projection, but discretionary spending has accelerated in recent quarters. The monthly household spending data indicates discretionary spending remains strong.",
  "summary": "TD Securities’ Prashant Newnaha now expects the Reserve Bank of Australia (RBA) to raise the cash rate by 25bps to 4.60% at the late-September meeting. The change follows stronger-than-expected Q2 Gross Domestic Product (GDP) and firm discretionary consumption.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: Nagel backs September hike path – BNY",
        "url": "https://urgent.news/2026/09/02/euro-nagel-backs-september-hike-path-bny",
        "published": "2026-09-02T11:55:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}