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Home»Crypto News Flash»The Reserve Bank of Australia’s forward-looking is not credible

The Reserve Bank of Australia’s forward-looking is not credible

Crypto News Flash November 1, 2021
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News on November 1, Morgan Stanley said. The market currently believes that the Reserve Bank of Australia’s forward-looking guidance on cash rates is no longer credible, and it is expected that the change will cause the Reserve Bank of Australia to adjust its tone this week.

Since the Reserve Bank of Australia Chairman Lowe said. He found it difficult to understand why the market would price the interest rate hike in 2022 or after the beginning of 2023. Inflationary pressures prompted the market to price the interest rate hike in 2022.

Morgan Stanley expects the Reserve Bank of Australia this week. The expected timing of interest rate hikes will no longer be emphasized. Instead, more explicit results-based forward guidance will be emphasized.

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