The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Summary: The Antipodeans are in focus after Australia's central bank kept monetary policy steady overnight. Now, the pressure is on for Australia to move at its next meeting on June 5, while New Zealand may pre-empt that with a cut expected tomorrow.