FirstWrap commentary – March 2023 Quarter

During the quarter the RBA increased the cash rate another 2 times by 0.25% each time. This was the 10 consecutive rate increase from the RBA taking the cash rate to 3.6%. The April meeting saw rate remain on hold with no increase while the RBA looks for

March Quarter in Review

The ASX200 rose 1.98% closing at 7,178 for the March quarter. Interest rates remain a key focus in markets with the RBA pausing after a range of indicators suggest inflation may have peaked following ten consecutive interest rate increases. However, the RBA noted cost of li