Interest rate rises ‘pretty much done’ as money markets react to SVB collapse

Last night, the ASX rate predictor indicated just an 11 per cent chance of the central bank increasing its rate by a quarter of a per cent at the next meeting in three

weeks.As a sign of market thinking, the 2-year Government bond yield was at 3.17 per cent today nearly a quarter of a per cent below the Reserve Bank cash rate of 3.6 per cent.

God bless the woke left at SVB

So runaway inflation is to be the norm

Which is it you hacks? Pretty much done or increasing the likelihood of rate rises? ThisisNotJournalism

Yeah, nah mate. I don’t see that happening. Inflation isn’t under control yet, so rates go up.

Ross_Greenwood is wrong. Inflation is still out of control & spending both federally & consumer is high. If the RBA do delay further rate hikes they will cause a further spike Inflation & we start all over again.

Predictions are usually wrong.

Still half a dozen rates to go.

So inflation it is, then.

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Source: FinancialReview - 🏆 2. / 90 Read more »