Golden data, June 27th news, Australia's second largest pension fund, the Australian Retirement Trust Fund (ART), stated that the money market mistakenly believes that the Reserve Bank of Australia will raise interest rates at the next meeting. Previously, the inflation rate was higher than expected this week, prompting traders to increase their bets on a rate hike in August. Traders believe there is a 50% chance of a rate hike in August and have postponed any future rate cuts until the end of next year. ART's chief investment strategist, Andrew Fisher, said, 'We do not believe there will be a rate hike in August. From the perspective of the Reserve Bank of Australia, I think they are very happy for the market to think the next step may be a rate hike, because they do not want complacency to spread.' ART's basic forecast is that interest rates will not change in the next 12 months, and the next step is a rate cut. The CPI for the quarter ending July 31st will be more significant in determining the future path.
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Avustralya'nın ikinci büyük emeklilik fonu, Avustralya Merkez Bankası'nın Ağustos ayında faiz artırmayacağını söyledi.
Golden data, June 27th news, Australia's second largest pension fund, the Australian Retirement Trust Fund (ART), stated that the money market mistakenly believes that the Reserve Bank of Australia will raise interest rates at the next meeting. Previously, the inflation rate was higher than expected this week, prompting traders to increase their bets on a rate hike in August. Traders believe there is a 50% chance of a rate hike in August and have postponed any future rate cuts until the end of next year. ART's chief investment strategist, Andrew Fisher, said, 'We do not believe there will be a rate hike in August. From the perspective of the Reserve Bank of Australia, I think they are very happy for the market to think the next step may be a rate hike, because they do not want complacency to spread.' ART's basic forecast is that interest rates will not change in the next 12 months, and the next step is a rate cut. The CPI for the quarter ending July 31st will be more significant in determining the future path.