Australian markets are digesting a hawkish turn from the central bank, which lifted rates in a unanimous decision just as inflation printed higher, driven by housing and transport
Australian markets are digesting a hawkish turn from the central bank, which lifted rates in a unanimous decision just as inflation printed higher, driven by housing and transport costs. That combination keeps pressure on rate-sensitive sectors, even as the broader tape had found some footing after a well-received debt auction ended a four-week slide. Political noise in Canberra and warnings about El Nino's economic cost are adding headline risk, though so far they're registering more in commentary than in price action.
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