RBA Rapid Rate Hike
Will Douglas and the team at Morgans provide their current insights on rapid rate hike action.
RBA Timeline of interest rate expectations - Oct 2021 rates to be 0.1% until 2024; May 2022 rates to be 3.35% by Dec 2022 (Morgans estimate)
May 2022 - RBA announces the largest quarterly increase in inflation at any time in the 30 year series!
The headline and core inflation are not expected to peak the Dec 2022 quarter.
Where did this shock inflation come from?
Has the RBA lost credibility?
Bond market crash - as the adage goes, 'when the Bond market coughs, the share market catches a cold!
Shock inflation and rapid rate rises are the cause of the recent market volatility.