After today’s announcement it is clear that Australia is continuing on its course to tighten monetary policy. The consensus is that they are targeting a 5.25% interest rate, according to a recent Bloomberg article. But, what about the rest of the world?
According to Bloomberg we will have to wait some time until we get rate hikes outside of Australia.
Policy makers have “gotten their eye off the immediate ball, which is deflation risk,” said Joseph Gagnon, a […]