Westpac Hikes Rates Independently of the RBA
Westpac has hiked rates independently of the RBA:
- The Big 4 will now likely follow suit
- RBA won't have to hike the official cash rate short term as a result
- Will likely impact spending with slow wage growth and falling house prices eroding wealth
- RBA now more likely to cut
- The Aussie continues to roll over as a result:
Best of probabilities to you.
@danewilliams | Steemit Blog
Market Analysis
Twitter: @danewilliamsau
Congratulations @danewilliams! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
What a world we live in.