Business
Interest rate rise bets for 2022 ‘spook’ market – The Australian Financial Review
Interest rate traders are betting the first post-COVID-19 increase in the RBA’s cash rate will occur late next year, amid bullish sentiment on vaccines and a more…
We cant agree, he said.
The board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range.
For this to occur, wages growth will have to be materially higher than it is currently.
This will require significant gains in employment and a return to a tight labour market.
The RBA will update the market on the outlook at its meeting next Tuesday, when the bank is expected to reaffirm its expectation that interest rates wont rise from 0.10 per cent…
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