JPMorgan Expects RBA to Deliver Fourth Rate Hike

According to Jin10, JPMorgan has become the latest institution to forecast that the Reserve Bank of Australia will announce its fourth rate hike in this cycle at the end of September. JPMorgan Australia chief economist Ben Jarman said recent hawkish remarks from senior RBA officials suggest that “some kind of stance has changed,” and noted that the central bank appears concerned about high oil prices, surging AI investment, and the economy's supply potential. JPMorgan expects a 25 basis point rate hike on September 29 to 4.60%.