Wednesday, February 24, 2021

Bets rise for early rate rise despite high jobless, low inflation - though RBA sees rate close to zero until 2024

Some market strategists are beginning to bet that central banks including Australia's Reserve Bank might raise interest rates ahead of expectations as the global recovery gains pace. 

But ABC's Peter Ryan says the RBA is likely to stick to its own forecasts that rates will remain close to zero until 2024 despite rising inflation.

Here's my analysis from The World Today

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