Financial market pricing suggests it’s a coin toss whether the Reserve Bank of Australia will lift rates in the next few months.
This is a sharp turnaround from earlier expectations of rate cuts; homeowners’ hopes were cruelled by higher-than-expected inflation. With inflation persistent, and the prospect of further rate rises, is the central bank stumbling off its narrow path into the inflationary or recessionary abyss below?
Reserve Bank of Australia’s path to a soft landing is very narrow indeed #Reserve #Bank #Australias #path #soft #landing #narrow
Source Link: https://www.afr.com/policy/economy/reserve-bank-s-path-to-a-soft-landing-is-very-narrow-indeed-20240709-p5js94
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Financial market pricing suggests it’s a coin toss whether the Reserve Bank of Australia will lift rates in the next few months. This is a sharp turnaround from earlier expectations of rate cuts; homeowners’ hopes were cruelled by higher-than-expected inflation. With inflation persistent, and the prospect of further rate rises, is the central bank stumbling …
