Feb 23 – Short Term Pain, Long Term Gain

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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Curve Team
Andrew Murray