Markets wrong on Aussie rates outlook

SYDNEY: Australia’s central bank will soon begin hiking rates for the first time in a decade, but the pace won’t be as fast as markets expect.

That's the view of David Goodman, a senior economist at Aware Super Pty, who says policy makers will be “more cautious” with their pace of tightening than the steep path to more than 3% that’s priced into swaps markets over the next two years.