New Overnight Developments Abroad - Daily Update
Middle East Tensions and Central Bank Official Comments Sour Market Sentiment
May 21, 2024
Minutes from this month’s Reserve Bank of Australia interest rate-setting meeting in early May did consider a rate hike, citing risks such as rising inflation expectations and weaker productivity growth. The 4.35% Official Cash Rate since a 25-basis point hike last November was left unchanged but the minutes suggest that a future hike is more […] More
