Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
ING Bank: Reserve Bank of Australia may maintain hawkish bias

ING Bank: Reserve Bank of Australia may maintain hawkish bias

2024/03/18 10:31

According to reports from Golden Ten, analysts at ING Bank in the Netherlands stated that the CPI unexpectedly remained flat at 3.4% in January, which may prompt policymakers to start discussing interest rate cuts. However, analysts believe that this scenario is unlikely to occur. Due to the Reserve Bank of Australia's policy interest rates being lower than other major central banks, recent repricing of global rate expectations towards hawkishness, and persistent risks of inflation rebounding, there are still reasons for the RBA to maintain its hawkish stance tomorrow. ING Bank is optimistic about the possibility of the Australian dollar continuing to rebound from the second quarter onwards.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!