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HSBC: The RBA's hawkish stance may be easing

2024-02-06 08:39:29

Sina Financial News HSBC global foreign exchange strategist Lenny Jin said that despite the weak economic growth and inflation data, the RBA has not clearly turned dovish, which may disappoint the market. But after the Reserve Bank of Australia held a meeting to keep Intrerest rates unchanged, there were signs that the Central Bank's hawkish stance had eased. Jin said the RBA's tone reflects a "desire to maximise optionality" rather than a tightening bias, "so we want to downplay the market's knee-jerk reaction." ”

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