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This week, Australia saw $2.4 trillion flows back to bonds, as investors fear the global economy is sliding into a recession.

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This week, the RBA lifted the cash rate by a further 50bps to 1.85%. lowering its growth outlook as an impending recession seems imminent.

This week, Australian inflation surged to levels we haven’t seen for decades, with the annual rate reaching 6.1%.

This week, the increasing interest rates are slowly showing their impact, as the pace of economic activity begins to taper.

CPI has lifted 2.1% which is well above the market forecast of 1.7% - the largest quarterly increase in CPI since 2000.

This week, the Central Bank is determined to fight inflation and we have seen a meaningful fall in government bond yields for the first time.