CryptoWorld News reports that analysts at ANZ Bank believe the Reserve Bank of Australia will raise interest rates again after the May 5 meeting, but will shift to a more neutral stance after the hike while waiting and observing the full impact of the Middle East conflict on inflation. The wording in the bank’s post-meeting statement will tilt toward keeping the door open for an extended pause in rate hikes. Even if the Reserve Bank of Australia raises rates as expected in May, it is still believed that the future cash rate will remain at 4.35%. Although RBA Governor Bullock has not clearly hinted at further rate hikes, she has generally maintained a hawkish tone about keeping policy restrictive. Recent signs that Australia’s labor market remains tight also give the RBA additional room to raise rates.

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