Economists See RBA Rate Hike as Early as September After Hot CPI

Goldman Sachs and Commonwealth Bank economists revised their forecasts for Reserve Bank of Australia rate decisions following inflation data, predicting a possible rate increase in September rather than holding rates steady through year-end. The shift represents a change from previous expectations of no further rate moves in 2026. Both institutions cited elevated inflation readings in their updated assessments. The RBA's next scheduled decision occurs in September.

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