Australia’s policy tightening campaign is approaching its final stages, with money markets and economists divided over the timing of the Reserve Bank’s likely last interest-rate increase in this cycle. Traders expect the RBA will hold its cash rate at 4.1% for a second straight meeting on Tuesday after quarterly inflation eased and retail sales surprisingly fell. In contrast, a majority of economists expect a 25-basis—point hike to ensure a tight labor market doesn’t fuel wages while price gains hover at twice the central bank’s target levels. Australia’s policymakers convene after the Federal Reserve and the ... (full story)