https://www.mortgagebusiness.com.au/economy/16851-anz-tips-4…
Economists from ANZ have joined Westpac in betting the Reserve Bank will make a sharp rise in the cash rate next week, to clamp down on inflation.
Previously, the major bank had forecast a 25-bp increase for the cash rate in June, but it has pivoted to predicting the Reserve Bank of Australia will opt for a 40-bp lift at its monetary policy meeting on Tuesday (7 June)….
Rug pulls are nice.
Especially if it leads to an opportunity for gains.