From the AFR comes the always excellent Tim Toohey:
The probability the Reserve Bank of Australia raises interest rates in November this year is “somewhere in the 40s and rising” according to Goldman Sachs, which forecasts New Zealand rates to rise at the same time.
…”You’ve got to wonder why people are still looking for multiple rate cuts,” he said on Thursday, citing financial conditions in Australia which he described as “an environment we think is actually the most expansionary for a considerable period”.
