Australian markets are absorbing the central bank's decision to lift the cash rate to a 15-year high, with the central bank also flagging it may tighten further as it battles stubb
Australian markets are absorbing the central bank's decision to lift the cash rate to a 15-year high, with the central bank also flagging it may tighten further as it battles stubborn inflation. The move drew sharp political reaction and lands on an economy where household spending was already flat last month, keeping the consumer under pressure. Domestic headlines lean on politics and local incidents, offering little in the way of fresh earnings catalysts to shift the cautious tone.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works