{"id":53248,"date":"2007-08-03T13:03:46","date_gmt":"2007-08-03T03:03:46","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2007\/08\/03\/commbank-agrees-rba-likely-to-raise-in-august\/"},"modified":"2007-08-03T13:03:46","modified_gmt":"2007-08-03T03:03:46","slug":"commbank-agrees-rba-likely-to-raise-in-august","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2007\/08\/03\/commbank-agrees-rba-likely-to-raise-in-august\/","title":{"rendered":"CommBank Agrees: RBA Likely To Raise In August"},"content":{"rendered":"<p>By Rudi Filapek-Vandyck<\/p>\n<p>It is a fact that market volatility has sometimes affected the timing of the Reserve Bank&#8217;s rate decision, but economists Joseph Capurso and Michael Blythe at Commonwealth Bank would like to remind everyone that market volatility usually doesn&#8217;t deter the RBA to move on economic fundamentals. This should still make an interest rate hike by 25 basis points next week a near certainty.<\/p>\n<p>Both economists note the bond market has decreased the odds of a further rate hike and both economists would agree the odds on a rate increase next week have lessened, but they still expect the Reserve Bank to deliver.<\/p>\n<p>Complicating the case for another hike to 6.50% is the fact that Australia&#8217;s unemployment rate is likely to show an increase when the labour force survey for July is released.<\/p>\n<p>CommBank believes that a spike to 4.9% of the workforce included in the new unemployment figures is not inconceivable. This would be a direct result of the Federal government having raised the work-seeking obligations of 233,000 people who are receiving the Parenting Payment and the Disability Support Pension.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commonwealth Bank economists agree with TD Waterhouse&#8217;s Koukoulas the RBA is likely to add 25 basis points to the official cash rate next week.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[21],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/53248"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=53248"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/53248\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=53248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=53248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=53248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}