The post on the RBA cash rate rise and Lowe's less hawkish Statement is here:
The key point from the Statement is that Lowe dialled down the hawkishness from the February statement. The previous forward guidance indicated more than one hike ahead, with this:
"The Board expects that further increases in interest rates will be needed over the months ahead"
Replaced with:
- "The Board expects that further tightening of monetary policy will be needed to ensure that inflation returns to target and that this period of high inflation is only temporary.
- In assessing when and how much further interest rates need to increase, the Board will be paying close attention to developments
AUD/USD response, one-minute candles from the chart we provide on site. If you reading your phone from bed or something this'll give you an idea of the move lower for AUD:
