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Dust Settles

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Rupiah Tracks Fluctuations In Risk Sentiment

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Yuan Firms, Sino-Taiwanese Tensions Simmer

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Westpac chief economist Bill Evans "still expects the first RBA rate hike to be in the March quarter of 2023. Markets are now positioned for September 2022 which will be too early. The rigid inflation objective is likely to be achieved later in 2022 but still well ahead of the RBA's current timetable of 2024. While Yield Curve Control is proving "expensive" the RBA should definitely stay the course."