ABC News – Top stories
·general
·1 hour ago
Why the market thinks Michele Bullock is bluffing on rate hikes
Reserve Bank governor Michele Bullock announced on Tuesday that interest rates will remain at 4.35 percent, emphasizing the need to evaluate the impact of previous increases. Despite her warnings about inflation, market sentiment suggests low expectations for further rate hikes, with major banks forecasting rate cuts by 2027. Economic indicators show a downturn, influencing confidence and housing activity.
Summary by Glance · ABC News – Top stories
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