Australia’s record run of interest rate rises more likely to end after Silicon Valley Bank collapse

Some traders are even pricing in a cash rate cut in Australia later this year, a position that had little support just a week ago

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Bets are rising that Australia's record run of rate rises is about to end, as fears triggered by the collapse of Silicon Valley Bank sweep global markets and sink bank stocks.

The rapid shift in sentiment is good news for indebted homeowners grappling with rising mortgage repayments, although high inflation continues to pressure households.

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