RBA Recap & The Australian Economy

• The RBA is set to deliver more short term pain over the months ahead after hiking rates again in February
• It comes as pain is already being felt but households according to the latest consumer sentiment report.
• Family finances in some areas are the worst level on record which begs the question how much more pain households can take?

Market Dynamics

• Term Deposit rates are high as Major Banks price to win.
• Increased retail money causing some ADIs to have reduce wholesale funding.
• Reference rates have increased following the February hike. But how much further can it go?

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