Reserve Bank of Australia, First Central Bank to “Pause,” then “Un-Pause,” Hikes Again, Warns of More Hikes. QT Continues
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Markets surprised by hike and hawkish tilt on fears about inflation expectations and surging labor costs without productivity gains. The Reserve Bank of Australia had become the first major central bank among developed economies to “pause” its rate hikes at the meeting in April. This was widely…
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