Gross’s Co-Manager Sees RBA on Hold, Wary to Follow Fed Toward Zero

Updated on
  • Palghat sees RBA striving to determine what neutral rate is
  • Favors corporate credit over sovereigns for additional yield

The Reserve Bank of Australia is unlikely to ease monetary policy again this year as it seeks to avoid the struggles major peers are having with interest rates near or below zero, according to bond fund manager Kumar Palghat.

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