Posts by Robert Mead

Policy Uncertainty Weighs on Australia’s Economy

Policy Uncertainty Weighs on Australia’s Economy

On April 7, the Reserve Bank of Australia stayed steady at 2.25% for the second month in a row, somewhat wrong-footing markets once again. Bond market participants, in turn, simply moved their rate cut expectations from April to May, seemingly without wondering or worrying about what new information would be required to catalyze a rate cut. Their assumption may be premature.