Veneck's Russel Chesler said that the Bank of Australia's decision to keep interest rates unchanged reflects the reality that “inflation has quietly risen over the past few months.” The head of investment and capital markets at the investment management company said in a report that the central bank is likely to have finished cutting interest rates during this cycle. Chesler added that as 10-year Australian Government bond yields have risen to 4.7%, investors may now want to consider increasing the length of their portfolios.

Veneck's Russel Chesler said that the Bank of Australia's decision to keep interest rates unchanged reflects the reality that “inflation has quietly risen over the past few months.” The head of investment and capital markets at the investment management company said in a report that the central bank is likely to have finished cutting interest rates during this cycle. Chesler added that as 10-year Australian Government bond yields have risen to 4.7%, investors may now want to consider increasing the length of their portfolios.