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Australia’s RBA keeping track of US policy changes to assess impact
The Reserve Bank of Australia is keeping track of US policy changes to assess the implications for interest rates as such developments can hit Australia via financial market channels like exchange rate movements, global bond yields and asset prices, and the ease of access to offshore funding, alongside any direct economic effects. It cut interest rates in February for the first time since 2020.
The Reserve Bank of Australia is keeping track of US policy changes to assess the implications for interest rates as such developments can hit Australia via financial market channels like exchange rate movements, global bond yields and asset prices, and the ease of access to offshore funding, alongside any direct economic effects.
It cut interest rates in February for the first time since 2020.
