As expected, the RBA left the policy rate unchanged but verbally pivoted from a tightening bias to a more neutral outlook.

In my view that is an appropriate rebalance.

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Stephen Miller

Stephen Miller is GSFM’s market strategist. His expertise in international economic and policy analysis, as well as domestic and global economic and financial market developments, has resulted in him becoming a regular commentator on central banks, rates and inflation.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.