Rising bond yields test RBA 2024 plan

Publish Date:

Author: Unknown

This week ten year government bond yields in Australia topped 18 per cent more than 75 basis points higher than they were just two months ago Investors selling bonds now must not believe the Reserve Bank when it continues to say rates will stay close to zero until 2024 Chief Economist at Westpac Business Bank Besa Deda told Sky News Australia its certainly the case that businesses can least afford to have the cost of money rise Weve done a recent survey of our small businesses and small business leaders are saying theres a shortage of labour a shortage of raw materials and theres obviously price pressures Ms Deda told Sky News Australia As we get back to normal and these restrictions ease some of those pressures will wane