Yesterday was all about central banks, with both the RBA and Bank of Japan (BOJ) updating their respective official cash rates. There were no major surprises from either, but equities embraced the cleared uncertainty, at least for another month. As I’m sure most subscribers know, the RBA left the cash rate at 4.35%, as was widely expected, and it was encouraging to see bond yields slip after the release as Michele Bullock & Co. dialled back their previous interest rate tightening bias now saying they are “not ruling anything in or out” on the next move in rates being either up, or down.
Relevant suggested news and content from the site
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.
Really bullish, there's more to go in the reflation rally
Please enter your login details
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.