Published 2 years ago

Bond traders downgrade cash rate outlook after RBA shock

Summary by Ground News

The Reserve Bank said a deteriorating outlook for the global economy was a major uncertainty and the full effects of higher interest rates were yet to be felt by borrowers. The local dollar has shed US6� in less than two months after investors piled into the safe-haven US dollar on worries that central bank tightening would tip the world into recession.

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Australian Financial Review

Bond traders downgrade cash rate outlook after RBA shock

Bond yields dived after the RBA defied markets with a smaller than expected cash rate increase, signalling the end of a sharp and short tightening cycle is near.

2 years ago·Sydney, Australia

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