In an appearance before a parliamentary economics committee in Canberra today, RBA Governor Michele Bullock acknowledged the presence of “some encouraging signs” in Australia’s economic landscape, yet cautioned that the nation’s battle against inflation is “not over”. RBA’s stance remains deliberately balanced, with Bullock stating, “At this stage, the Board hasn’t ruled out a further […]
The post RBA’s Bullock: Another hike neither ruled out nor ruled in appeared first on Action Forex.
Markets Markets are in some kind of wait-and-see stance today after the energy-repositioning of the previous two weeks. Bond yields drop a few bps. The dollar eases off recent top levels and equities avoid a Read more…
Markets are pricing in a 68% probability for a 25-basis-point (bps) rate hike, lifting the cash rate to 4.1%. The board needs to move policy past the current “neutral” rate (where interest rate ≈ inflation) Read more…
Do you know how many times over the last year you visited a grocery store? I don’t either, but it feels like nearly every day, I need to drop by just to get that one Read more…