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RBA’s Patience Risks a Short, Sharp Tightening Cycle: Auld

  • Auld expects RBA will begin raising interest rates from June
  • Sees Australia’s cash rate rising to 1.5%-1.75% by end-2023
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The Reserve Bank of Australia’s patient stance on interest rates could see it rushed into a short, sharp tightening cycle that would leave it with less firepower to face a future downturn, said Sally Auld, chief investment officer at JBWere Ltd.