Sydney’s central bank is the second (after Canada’s) to take a break to assess the effects of 10 consecutive “tightenings”. Market operators hope it will lead the way in our hemisphere too, but risk being disappointed.
by Maximilian Cellino
(eyeofpaul – stock.adobe.com)
They were surely hopeful looks from many market operators towards the other side of the world last night, when the Reserve Bank of Australia decided to take a break and keep interest rates unchanged at 3.6%. after ten consecutive squeezes. The idea is indeed that the decision really can lead the waya bit like last October: then Sydney was the first among the main central banks of advanced economies (except for the…
