News Snapshot:
By James Glynn SYDNEY--The Reserve Bank of Australia is nearing a pause in interest rate increases, having pummeled the economy with consecutive monthly tightenings stretching back to May. Tapas Strickland, the head of market economics at National Australia Bank, said that a number of factors are now working in favor of the RBA putting on hold further increases from April. "Five key developments have occurred, which while still seeing the RBA hiking rates by 25 basis points in our view in February and March, firms our view of a pause thereafter," Mr. Strickland said. NAB's scenario would see the official...
