Did RBA Action Show They Lost Control in Markets? | Italian Bond Sell-Off an Issue for ECB

We’re on a heavy schedule this week with major market moving releases. While most people are focusing on the Bank of England and the US Federal Reserve, the Reserve Bank of Australia wasn’t one to ignore.

In fact, as Jim Reid of Deutsche Bank wrote earlier in the week: “I’m going to open the market section this morning with a line I don’t think I’ve written in 27 years of market commentary and probably won’t again. And it’s not about England thrashing Australia at cricket on…