Pendal says bond market signals RBA may be done raising rates
Bitget2026/11/03 06:37- The RBA raised its cash rate 25 basis points to 4.85%, the highest since 2008.
- A 6-3 vote fueled market expectations that tightening may be over; three-year bond yields fell below the cash rate.
- The RBA raised trimmed mean inflation forecasts through end-2027, while cutting its GDP outlook as household consumption and dwelling investment weakened.
- Further tightening remains possible if Middle East hostilities persist or AI investment sustains inflationary pressure.
- An end to hostilities could bring a rapid decline in fuel prices, easing inflation pressures.
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