— Bloomberg
SYDNEY: Australia's central bank held interest rates steady at its last meeting of the year on Tuesday, but softened its hawkish tone by noting the board had gained "some confidence" that inflation was heading back to target.
The Australian dollar fell 0.8% to $0.6380 and there-year bond futures rallied 5 ticks to 96.26, the highest since October. Swaps now imply there is a split chance of a rate cut in February, with a first easing more than fully priced in by April next year.
