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CBA says Sydney and Melbourne’s lockdowns are set to sharply impact the Australian economy

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The reality of having Australia’s two largest cities back into lockdown is beginning to hit. 

Earlier today:

Commonwealth Bank of Australia’s Head  Interest Rate Strategist Martin Whetton: 
  • “The lockdowns in both Sydney and Melbourne are set to sharply impact the Australian economy
  • We see the market reaction to move ahead of this, and see the ACGB 10Y (Nov 31) trading towards 1% as a result.
  • Markets are likely to push back on the timing of rate hikes as well.”

The second wave is looking like the good old days ….

Australia coronavirus sign



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