CommSec’s Tom Piotrowski says over the last day six central banks globally raised rates including the Bank of England, Federal Reserve and Swiss National Bank.
“Swiss National Bank hiked rates about half a per cent as they thread the needle on their own banking challenges,” Mr Piotrowski told Sky News Australia.“The markets are pricing in that there will be no change in April, but the reality is we have still got inflation and retail sales numbers to look at next week.
“Depending on how they pan out, that will make a big impression on what we can expect from the RBA next month.”
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