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Yield curve inversion signals Australia heading towards recession, but RBA to hike further

Across the Tasman Sea, the Reserve Bank of New Zealand said it would hike rates into economic recession if that's what it took to fight inflation. Data from New Zealand yesterday indicated that the economy is indeed in recession:New Zealand Q1 GDP -0.1% q/q (expected -0.1%)The Reserve Bank of Australia have, so far, been more cautious. Governor Lowe has said he'd like to preserve as many of the employment market gains as he can, at the expense of a slower return of inflation to target. The data... Read More

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Content Topics

Yield

Curve

Inversion

Signals

Australia

Heading

Towards

Recession

Further

Forex

Posted: Jun 15 2023, 22:55

Author Name: forexlive

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