The Reserve Bank of Australia raises interest rates,
Although CPI is forecast to continue to decline in the near future, the rate of decline is slower than expected. CPI inflation is expected to be around 3.5% by the end of 2024 and within the target range of 2-3% by the end of 2025.
After the meeting, AUD/USD lost some of its previous gains. US government bond yields increased again after a sharp drop last week, as the focus turned to the $112 billion in bonds about to be offered this week. Today, $48 billion in 3-year bonds will be offered, tomorrow $40 billion in 10-year bonds will be offered, while on Thursday, $24 billion in 30-year bonds will be offered. offer for sale.
After the meeting, AUD/USD lost some of its previous gains. US government bond yields increased again after a sharp drop last week, as the focus turned to the $112 billion in bonds about to be offered this week. Today, $48 billion in 3-year bonds will be offered, tomorrow $40 billion in 10-year bonds will be offered, while on Thursday, $24 billion in 30-year bonds will be offered. offer for sale.
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