RBA late to the party

Wednesday 8th November 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe RBA lifted rates, as expected, yesterday, with the possibility of another hike to come. JBWere’s Sally Auld says the central bank had always assumed it was different to others, with the flexibility of a longer runway to bring inflation down without damaging the economy. That premise is being challenged now as inflation itself is taking longer to come down, so the RBA could still be lifting rates just as other central banks start to acknowledge market expectations for rate cuts next year. So late to the party, and last to leave? Hosted on Acast. See acast.com/privacy for more information.