From the minutes of the September RBA Board meeting:
Members were informed that, in Australia, market pricing prima facie pointed to expectations of large cuts in the cash rate by the end of the year, but a range of technical factors meant that market pricing might not be giving an accurate reading of expectations in the current circumstances.
This loosely translates as: Bill Evans, you’re wrong!
And speaking of Bill, it’s nice to see that he’s snuck into my Wordle word cloud:
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