Jinshi data news on August 9th, affected by global instability and hawkish comments from the Reserve Bank of Australia, the Australian market experienced a volatile week, and traders are digesting a lot. Adam Boyton, Chief Economist of ANZ Bank, said that although he believes the Reserve Bank of Australia will not raise interest rates, the Central Bank's monetary policy committee seems to be more cautious about the decision to raise interest rates than the market pricing shows. ANZ Bank insists on its view that the Reserve Bank of Australia will wait until February to determine whether to join the interest rate cut action of other major Central Banks.
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ANZ: The Reserve Bank of Australia's consideration of interest rate hikes is greater than market pricing.
Jinshi data news on August 9th, affected by global instability and hawkish comments from the Reserve Bank of Australia, the Australian market experienced a volatile week, and traders are digesting a lot. Adam Boyton, Chief Economist of ANZ Bank, said that although he believes the Reserve Bank of Australia will not raise interest rates, the Central Bank's monetary policy committee seems to be more cautious about the decision to raise interest rates than the market pricing shows. ANZ Bank insists on its view that the Reserve Bank of Australia will wait until February to determine whether to join the interest rate cut action of other major Central Banks.