7 April 21: RBA Stays Dovish | Trans Tasman Bubble Confirmed Global markets were mixed overnight (S&P 500 index -0.1%) with the US market a touch lower, consolidating near record highs as investors weighed more strong US economic data against nervousness around the upcoming quarterly earnings season. The IMF upgraded its global growth forecasts from three months ago, now picking 6.0% growth this year (previously 5.5%) and 4.4% next year (previously 4.2%). The IMF was particularly bullish on the US, with growth driven by massive fiscal stimulus - and noted that next year the US will be the only large economy to surpass the level of output it would have had in the absence of the pandemic.  Closer to home, The RBA announcement repeated its previous policy guidance – the Board does not expect the conditions for an interest rate hike to be met until 2024 at the earliest. Descriptions of the domestic economy were more positive, noting the recovery has be...