Marketmind: RBA set for a 'hawkish pause' ... again?
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A look at the day ahead in Asian markets from Jamie McGeever.
The Reserve Bank of Australia delivers its latest interest rate decision on Tuesday, undoubtedly the centerpiece event for Asian and Pacific markets but potentially of interest to U.S. Fed watchers too.
The RBA is expected to keep its benchmark cash rate on hold at 3.85 per cent even though inflation is running well above target, with economists united in thinking rates will rise further this year but divided on when and how high they will peak.
Sound familiar?
This is the general path investors think the Federal Reserve will take: pause or 'skip' on another rate hike next week, but leaving the door open to tightening again later in the year if, as the consensus suggests, the economic data warrant it.
