No Pausing Down Under

Last week, the ECB and the Bank of England both tipped pauses in their respective rate-hiking campaigns. The ECB's February move was the penultimate hike, and the BoE's tenth consecutive increase was the last for now. Christine Lagarde will deliver another half-point hike in March then reassess, and the BoE said any additional hikes would be contingent on "evidence of more persistent [price] pressures." Although the hot US labor market is forcing traders to reassess their views about peak Fed