Bond investors expecting Australia to follow New Zealand and South Korea with interest rate hikes in a matter of months could still be too aggressive in their thinking. New Zealand raised rates Wednesday and flagged more hikes next year while Korea looks set to tighten Thursday. Markets are currently betting the Reserve Bank of Australia will raise rates as soon as May -- way ahead of Governor Philip Lowe’s guidance for 2024. But there’s a crucial difference that raises the odds against such timing. While the RBNZ and BOK are acting in the traditional central banking method of tightening before inflation becomes set, ... (full story)