S&P Global Ratings: Australian budget won’t greatly add to inflationary pressures
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Following the release of the Australian Federal Budget, S&P Global Ratings was quick to offer its review on the same.
“The budget won’t greatly add to inflationary pressures.“
“High commodity prices delivering large windfall in Australia budget.”
“Improved fiscal outcomes underpins sovereign rating for Australia.“
“Sharp correction in commodity prices could reverse recent gains in Australia’s external accounts and, along with rising interest costs, could present downside to the AAA rating.”
AUD/USD is keeping its range just above 0.6300 on the above headlines. The spot is trading at 0.6310, almost unchanged on the day.
[/s2If]
Join Our Telegram Group
