Free Trial
AUSSIE 3-YEAR TECHS

(U2) Remains Above Support

USDJPY TECHS

Bearish Outlook

AUDUSD TECHS

(U2) Remains Above Support

EURGBP TECHS

Corrective Bounce

US TSYS

Short End Gains Late, Yld Curves Off Lows

GBPUSD TECHS

Bullish Outlook

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Bigger RBA Rate Hike To Address "Inflation Mindset"

MNI (Sydney)
SYDNEY (MNI)

The Reserve Bank of Australia opted for a larger 50 basis point interest rate hike in June because it wanted to “mitigate” the risk of higher inflation expectations, and because interest rates were still very low and stimulatory.

The comments come from the minutes of the RBA’s June board meeting released on Tuesday, where the central bank surprised with a 50bps rise to take official rates to 0.85%, (See: MNI STATE OF PLAY: RBA Turns Hawk In Biggest Hike Since 2000).

Keep reading...Show less
157 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Reserve Bank of Australia opted for a larger 50 basis point interest rate hike in June because it wanted to “mitigate” the risk of higher inflation expectations, and because interest rates were still very low and stimulatory.

The comments come from the minutes of the RBA’s June board meeting released on Tuesday, where the central bank surprised with a 50bps rise to take official rates to 0.85%, (See: MNI STATE OF PLAY: RBA Turns Hawk In Biggest Hike Since 2000).

Keep reading...Show less