Days ago, at the start of last week, there was talk of a Reserve Bank rate hike.
Not now, not seriously, although Reserve Bank Governor Michele Bullock said it remained an option on the table when her board met on Tuesday.
In the United States, there’s talk of a double cut – two standard-size rate cuts at once – in a bid to stave off recession when the US Fed next meets next month. US markets are pricing in five standard size cuts in the next four months.
