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RBA June 7 appointment with fate?


Writing in the Australian Financial Review, a journalist who appears to have good relations with the RBA says:

  • A series of interest rate hikes from June now seems to be the fate of the Reserve Bank of Australia, after the central bank abandoned its desire to be “patient”.

The upcoming critical dates are:

  • A reasonable wage price index on May 18 and decent average incomes in the national accounts on June 1 will be enough for Governor Philip Lowe to pull the trigger much sooner than he had expected.

The link to the AFR article is here (can be closed)

ICYMI – RBA statement yesterday pivots to warmongering:

The AUD traded yesterday on the statement and fell overnight on Brainard:

cnbctv18-forexlive-benzinga

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