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Central Bank Focus

Australia: Is Tightening Done?

by Gabriel Gosselin, Research Associate   Felix-Antoine Vezina-Poirier, Chief Strategist  

The RBA hiked for a third consecutive time, but markets are overpricing further tightening. The RBA raised its policy rate by 25 bps to 4.35% in a split 8-1 vote, with the dissenting member favoring a hold. The central bank had already been tightening before…

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