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Wednesday, May 29, 2024

Middle East Tensions and Central Bank Official Comments Sour Market Sentiment

Minutes from this month’s Reserve Bank of Australia interest rate-setting meeting in early May did consider a rate hike, citing risks such as rising inflation expectations and weaker productivity growth. The 4.35% Official Cash Rate since a 25-basis point hike last November was left unchanged but the minutes suggest that a future hike is more […]

* This article was originally published here

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