More pain for Bloxo today:
It will surprise no regular observer that HSBC has moved their RBA call for a rate hike from Q3 to Q4 ‘18 – this trend continues won’t be long before consensus forms for a 2019 move rather than late 2018 #RBA #AUD
— Alex Joiner (@IFM_Economist) March 28, 2018
This is Bloxo’s third capitulation from memory. I would like to bring you the note but, mysteriously, I have dropped off the HSBC mailing list!
The coming cuts are going to come as something of a shock to the broader market:
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