No patience left at RBA
Wednesday 6th April 2022The RBA has lost its patience and wants to move fast, but how fast and how far? On today\u2019s podcast NAB\u2019s Ivan Colhoun says it\u2019s unlikely we\u2019ll reach the 3% terminal rate that markets are anticipating, or at least with the expected rapidity. Taylor Nugent \u2013 new to the Morning Call \u2013 looks at the market response to words from the Fed\u2019s Lael Brainard overnight, who talked about balance sheet reduction, possibly as soon as next month, at a faster pace than before. The Fed minutes today might add more substance to interest rate expectations, whilst two members of the RBA front a senate hearing today, where questions will not doubt be asked about the sudden pivot in policy signalling.
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