RBA’s next move will still be a rate cut, say investors
Cecile LefortMarkets reporter
While bond traders are pricing in a 50 per cent chance of another rate increase in Australia before Christmas to keep a lid on inflation, some pundits say the fears are overblown with the next move in the cash rate still likely to be lower.
Bond markets swung violently last week after a key inflation gauge missed expectations, prompting speculation the Reserve Bank of Australia will have to upgrade its forecasts when it meets next week to reflect the slow progress.
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