RBA Review – Ending Yield Curve Control and Pushed Forward First Rate Hike to 2023

The RBA tilted modestly to the hawkish side by formally ending the yield curve control and adjusting its forward guidance on the first rate hike. Policymakers remained optimistic over the economic outlook and were not very concerned about inflation. Aussie plunged as Governor Philip Lowe indicated that a lift-off in 2022 was “extremely unlikely”. The […]
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