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Minutes from the RBA's May meeting showed further interest rate increases may still be needed, depending on economic and inflation developments. Former RBA governor Glenn Stevens said rates are unlikely to fall much from current levels.
Consumer confidence has fallen to levels seen during the pandemic and the 1990s recession.
Persistently high rates weigh on domestic demand and the currency, with limited direct impact on feed commodity prices. The story is macro commentary on monetary policy.
abc.net.auMichael Janda, Sue LanninMay 16, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
