Central Bank Watch
Another Australian Central Bank Rate Hike, and This One Was Not Anticipated
June 6, 2023
With Australian consumer price inflation receding to 7.0% last quarter from 7.8% in the final quadrant of 2022, analysts were expecting officials at the Reserve Bank of Australia to leave the Official Cash Rate steady at 3.85%. Instead, such was raised for the twelfth time since May 2022. This was the seventh 25-basis point increase […] More
New Overnight Developments Abroad - Daily Update
Weak European Data, Fizzled Oil Price Rally, and an Unexpected Australian Central Bank Rate Hike
June 6, 2023
Concerns about a global demand slowdown depressed the dollar, equities, and the prices of crypto and oil this Tuesday. The dollar fell 1.0% against the Aussie dollar, 0.6% versus the euro and yen, and 0.3% relative to sterling. An exception was the Turkish lira against which the dollar advanced by a further 1.2% overnight. Share […] More
