The RBA seems happy that inflation is heading in the right direction, but it’s a difficult path from here to the 2-3% band, notes Pendal’s head of government bond strategies Tim Hext.
A soft landing is more likely, but we're unlikely to see rates cuts unless the economy turns weaker.
Here's a quick overview from Pendal portfolio manager Tim Hext, who heads up government bond strategies for our Income and Fixed Interest team.
Find out more about Pendal's fixed income strategies at pend.al/fixedinterest
Pendal is a global asset manager. Find out more at pendalgroup.com
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