The bond market has turned uber-hawkish following Reserve Bank of Australia (RBA) governor Michele Bullock’s guidance on interest rates, where she ruled out further rate cuts and warned that rates may need to go higher to tame stubbornly high inflation. “I don’t think there are interest rate cuts in the horizon for the foreseeable future”,
The post RBA in ‘tug of war’ on interest rates appeared first on MacroBusiness.