A key decision in Australia on Tuesday could be a “potentially market-moving one” for the globe, as a new financial threat takes hold.
It has been a rocky period for the global economy in recent months, but a new issue now has experts on high alert – and Australia could be the canary in the coal mine.
Investors have already been spooked by rising inflation, and financial insiders have now turned their attention to three crucial days of monetary decisions which could set off major alarm bells.
And Australia will be the first cab off the rank, with international financial gurus keenly watching Tuesday’s rate decision by the Reserve Bank of Australia.
According to Bloomberg Economics’ James McIntyre, the RBA’s decision is “shaping up to be a potentially market-moving one”.
While most economists don’t expect rates to rise locally this week, most agree it’s now a matter of when, not if, the RBA makes the move.