Expectations for a rate hike this year have significantly strengthened due to stronger-than-expected monthly CPI data. Economists are now more aligned on the future actions of the Reserve Bank of Australia, with most now viewing further interest rate hikes as a real possibility. Deutsche Bank responded to the hotter-than-expected CPI data, which came in at 4 per cent in May, by revising its forecast. The bank now expects the RBA to hike rates by 25 basis points to 4.6 perce