The Reserve Bank of Australia yesterday announced that its Cash Rate would remain unchanged at 0.1%, but in its Rate Statement took a more hawkish tilt as accommodative language was removed, pointing towards a likely rate hike in June 2022. The Australian Dollar responded by rising to reach a new 9-month high price.
Stock markets are stable to bearish while the prices of agricultural commodities mostly rose a little yesterday. There has been focus on a number of civilian casualties discovered in the Kiev area as Russian troops have pulled back.It is estimated that 64.6% of the world’s population has received at least one dose of a coronavirus vaccination, while approximately 6.2% of the global population is known to have contracted the virus at some stage.
Source: News Formal (newsformal.com)
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