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RBA turns hawk – what next for AUD?
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Yesterday’s Reserve Bank of Australia meeting marked a clear turning point for the Aussie central bank. The same bank that not long ago promised we wouldn’t see rising rates for ‘years’ has been doggedly playing its “patience” card of maintaining an all time low cash rate of 0.1% amid the inflationary onslaught and bubble like housing market. Yesterday “patience” was very clearly removed from the narrative. We discuss
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