Canadian Copycats
NAB Morning Call
00:00
Philip Lowe's Speech on the Fed's Rate Rise
Aussie two-year yields, they went up quite a bit after the decision yesterday. So not far short of 3.9% now. We'd have to go back to 2011 to see yields this high in Australia. Bank of Canada might have had a bit to do with that - but also Philip Lowe's speech yesterday morning. And I think he was just reflecting the fact that the approach that they've taken means that they've got no room for error on inflation. He's on tiptoes now, isn't he? Is it the path that's got that narrow? Yeah, exactly.
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