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  • Australia’s Rate Outlook in the Air as Inflation Still Untamed

    From bnnbloomberg.ca

    Economists and money markets are divided over which way Australia’s central bank will move Tuesday as lingering price pressures and recovering home prices suggest a hike may be needed while weaker activity and rising unemployment argue for a pause. About one-third of economists expect the Reserve Bank will raise its cash rate to 4.1% on Tuesday, including those from Goldman Sachs Group Inc. and Royal Bank of Canada, a Bloomberg survey of 25 analysts showed. The majority, including Commonwealth Bank of Australia, anticipate it will stand pat at 3.85%. Traders are pricing 50-50 odds. “We consider the meeting now ... (full story)

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