ChainCatcher news, as global markets feel the joy of the Federal Reserve's 50 basis point rate cut, Reserve Bank of Australia Governor Bullock faces the situation of having to sell a hawkish story next week. Australia's strong job market and high core inflation mean that she will have to remain cautious like other central banks.
Adam Boyton, chief economist at ANZ Bank, said the RBA may consider keeping interest rates unchanged or raising them, and retain most of the hawkish language in the August meeting and subsequent communications. Boyton said the RBA is on track to cut interest rates in February next year, but the risk is already tilted towards a possible rate cut later. (Jinshi)
