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HSBC: The Reserve Bank of Australia may have hinted that it will not cut interest rates
Some observers believe that the RBA's monetary policy tools are more powerful than those of many other central banks because the country's mortgages are mostly at variable rates and household debt is high. HSBC chief economist Paul Bloxham said this means that in the post-COVID-19 pandemic era, the RBA does not have to tighten monetary policy as much as before to achieve the same effect. However, the RBA assistant chief...
2024-11-25 02:51:32
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