Already a subscriber?Bond traders have wound back hawkish bets that the Reserve Bank of Australia will need to raise interest rates this year, with some economists warning that financial markets overreacted to May’s hot inflation figures.
about further rate rises on Thursday night, warning that it would be a “bad mistake” to base monetary policy on one data point. “The risk of a restart in the tightening cycle in Australia has increased following May’s monthly CPI data, but we view the hawkish shift in financial markets... as an overreaction,” said Goldman’s chief economist for Australia and New Zealand, Andrew Boak.Advertisement
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBA interest rates: Treasurer Jim Chalmers’ budget is ‘expansionary’, says internal RBA analysisLabor’s third budget adds more money into the economy this year than it takes out, making it ‘slightly expansionary’, according to RBA research.
Source: FinancialReview - 🏆 2. / 90 Read more »
Trump to turn historic verdict into campaign fuelThe latest Australian Human Rights Commission news, articles and analysis from the Australian Financial Review
Source: FinancialReview - 🏆 2. / 90 Read more »
RBA interest rates: Multiple interest rate rises needed to squash inflationThe hawkish warnings from economists came as the share of borrowers falling behind on repaying their home loan has risen to the highest level in five years.
Source: FinancialReview - 🏆 2. / 90 Read more »
RBA interest rates: CPI inflation shock derails ASX 200 from best financial year gain since 2021A two-day sell-off after a hot consumer price report has left the bourse with a tepid return for the 2024 financial year.
Source: FinancialReview - 🏆 2. / 90 Read more »
Hefty monthly hit households face if RBA hikes rates againEconomists and markets are tipping the Reserve Bank to 'certainly consider' hiking interest rates in August, slugging households with yet more cost of living pain.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Interest rates Australia: RBA edges closer to interest rate rise as inflation proves stickyGovernor Michele Bullock will be troubled by the latest inflation data, and contemplating the real possibility of an interest rate rise at the August meeting.
Source: FinancialReview - 🏆 2. / 90 Read more »