Wait and see
Wednesday 12th August 2026
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It was, as expected, a fairly hawkish RBA yesterday. As NAB’s Skye Masters explains, tweaks to forecasts were relatively minor and they still expect to see inflation back on target in the second half of next year, but Michelle Bullock said she personally believes another hike this year might be necessary. ‘We’ll have to wait and see,’ she said, which seems to be the markets approach to everything right now, including the impacts of the Gulf, which is in stalemate. The impact…
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