Barrenjoey Markets said that whether the Reserve Bank of Australia will raise interest rates in November probably depends on economic activity indicators. The bank has already responded to the risk of inflation. Chief interest rate strategist Andrew Lilley said, “The Reserve Bank of Australia did not guide the market to expect interest rate hikes in the future, but it did not dispel the market's conjecture.” “The Reserve Bank of Australia's statement is quite clear — they have fulfilled the promises made at the last meeting. Some of the upward risks of inflation became a reality, so all members agreed to raise interest rates to 460 basis points.” The exchange rate of the Australian dollar was basically flat against the US dollar at 0.7015.
Zhitongcaijing · 1d ago
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Barrenjoey Markets said that whether the Reserve Bank of Australia will raise interest rates in November probably depends on economic activity indicators. The bank has already responded to the risk of inflation. Chief interest rate strategist Andrew Lilley said, “The Reserve Bank of Australia did not guide the market to expect interest rate hikes in the future, but it did not dispel the market's conjecture.” “The Reserve Bank of Australia's statement is quite clear — they have fulfilled the promises made at the last meeting. Some of the upward risks of inflation became a reality, so all members agreed to raise interest rates to 460 basis points.” The exchange rate of the Australian dollar was basically flat against the US dollar at 0.7015.
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