UBS Expects RBA to Raise Rates Twice More to 4.85%

UBS's revised call signals that market participants may still be underestimating the RBA's tightening path, a shift that ripples through Australian rate expectations and the currency. The forecast affects borrowers, savers, and anyone with exposure to Australian assets, as a higher terminal rate alters the discount rate applied across valuations. Whether other forecasters follow UBS in lifting their terminal rate views is the next signal to watch.