RBA, far from business as usual
b'Wednesday 8th June 2022It was only a month ago that RBA governor Lowe was suggesting a 25 basis point hike was business as usual, with the bank wanting to signal that things would return to normal with a standard adjustment in interest rates. As NAB\\u2019s Ray Attrill points out, it was only a few months ago that the RBA was suggesting rates weren\\u2019t going up until 2024. Things changed sharply yesterday. This morning we look at the market reaction, from bond yields and equities, to the cross-rate with the New Zealand dollar. There\\u2019s also discussion on the ECB, with the potential for bond purchases in southern European nations who will be hit hardest from rate hikes.
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