Recession risk ignored as traders bet on triple rate rise

Bond traders are betting on a fresh wave of interest rate rises in Australia this year as the war in the Middle East deepens and US President Donald Trump threatens to “obliterate” Iran’s energy assets.

But many believe the market has gone too far and warn that any more rate increases would break the economy, sending unemployment and government borrowing costs shooting up.

Source: https://ppam.com.au/wp-admin/post-new.php?post_type=post