Money markets today assumed the Reserve Bank will pause its interest rate tightening cycle next month — with a small 7 per cent chance they may cut the cash rate by 0.25 percentage points.
However, AMP's chief economist Shane Oliver does not believe the interest rate landscape has changed either in the US or in Australia."At this point, it's not clear that we are seeing a full-blown crisis unfold or not and high inflation is a bit of a barrier on what the Fed can do," Mr Oliver explained.
"But how far the Fed and other central banks can support economies will at least partly be impacted by inflation."
‘Will the Reserve Bank end interest rate hikes after the collapse of two US banks’? You mean that the RBA might admit it got it wrong.
I would rather the RBA go scorched earth and crank interest rates through the roof and fix the damn problme
Dont worry Wall street is doing a bit better today.🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Risk manager looks like she'd fit in at the ABC, why don't you hire her? She's looking for a new job. Impressive resume. Maybe she could work at the RBA.
Why would they? Bad investment management from American bank CEO has nothing to do with inflation in Australia.
You better believe it.
Nope has nothing to do with inflation, just bad management from American banks, and fak all regulations to protect the people who have money in said banks.
Restaurants & cafes are closing in qld faster than you can make a burger, I guess it’s working
No!!!! That means we need to keep pushing! Wayyyy too much leverage, literally the opposite of what a bank is meant to do, lol
If they do they are as week as piss, and will only fuel inflation to slay us further down the track.
Yes
It's the property Ponzi which guides policy, they won't raise interest rates unless it becomes economically impossible not to.
Hardly they want banks to fail to bring in digital currency...
I have no idea how stopping interest rate hikes would help the banks?
Wouldn’t surprise me.. sure why not inflict more pain and suffering on those that are doing it tough.
perfect example of why we need more regulation in our banks