Daily Alert – Tuesday 5th July 2022: Reserve Bank of Australia hikes by 50 basis-points

Mark NugentDaily Alert, July 2022

Daily Alert – Tuesday 5th July 2022: Reserve Bank of Australia hikes by 50 basis-points

Good morning.

As predicted, yesterday was quiet as the US celebrated 4th July. Risk sentiment was indecisive.

Early this morning, we have seen the Reserve Bank of Australia raise interest rates by 50 basis-points as expected, with no drama in the accompanying statement.

There are no further Tier I announcements planned for today. I suspect things may stay quiet in the run-up to Wednesday’s FOMC Minutes.

We’ll be back tomorrow.

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