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How will the ASX 200, Australian dollar react?

Any hawkish signs from the RBA are likely to further batter Australian stocks, with regional markets already nursing steep losses from a broader risk-off sentiment.

The ASX 200 fell sharply in recent sessions after hitting record highs as recently as last week.

High-for-longer interest rates bode poorly for most Australian businesses, especially given that they are already grappling with weak overseas demand.
Australian bank stocks, however, may take some support from the prospect of high rates. $ASX 200 (LIST91328.AU)$ $AUD (LIST20039.AU)$
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