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Why is Australia talking about rate hikes?
Global central banks have begun the interest rate-cutting cycle, starting with the Swiss National Bank in March, Sweden’s central bank in May and both the Bank of Canada and the European Central Bank in June. And more recently, other major central banks have changed their tone towards signalling interest rate cuts sometime soon. The Reserve Bank of New Zealand shifted to an easing bias at its July meeting and financial markets are now pricing in close to three rate cuts by the end of the year. Some members of The Bank of England voted for a rate cut at the June meeting and comments from members of the US Federal ... (full story)
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- Posted: Jul 15, 2024 11:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,306
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