- RBA’s Lowe: Market pricing for early rate hikes extremely unlikely
Market news
2 tháng 11 2021
RBA’s Lowe: Market pricing for early rate hikes extremely unlikely
More comments flowing in from the Reserve Bank of Australia (RBA) Governor Phillip Lowe, as he expresses his take on the rate hike expectations and rising price pressures.
Key quotes
Markets have over reacted to recent inflation data.
Got to be sure inflation will be sustainably in 2-3% target, market pricing of early 2022 hikes is well away from where we are now.
Decline in wages growth has been decade long, needs to change dramatically.
Inflation at the mid-point of a target would not justify higher rates.
Market reaction
AUD/USD is dropping 0.43% on the day, currently trading at 0.7491.
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