March 23 – What a Difference a Month Makes

RBA Recap & The Australian Economy

  • The RBA delivers its 10th consecutive rate hike but has indicated a pause may come soon.
  • Leading into the March meeting, weaker than expected data prompted the change in tone.
  • Whilst it is clear the effects of higher interest rates are starting to be felt, incoming data remains vital for the path ahead.

Market Dynamics

  • On an aggregate level, the banking system seems to be flush with deposits and limited loan growth.
  • However, bespoke opportunities continue to present themselves as individual banks funding needs differ.
  • Reference rates have dropped following the March hike. Have we peaked?


Please click here to download the March Monthly

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Curve Team
Andrew Murray