Slow and steady wins the race
Wednesday 2nd November 2022
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The RBA has taken a slow and steady approach to interest rate hikes, so we can expect many more to come. Sally Auld says Governor Lowe said last night that the risks are more two-sided than they were a few months ago, and the bank needs to factor in the risk of the lag. It’s a very different approach being taken by the Fed, with a strong expectation that they will announce a 75bp hike tomorrow morning, reinforced by data showing a rise in job openings in the US. The…
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