The Reserve Bank of Australia hiked its interest rate by 25 basis points today to 3.85 percent. The market was betting 100 percent against a hike. With inflation cooling, why did Australia hike? “…inflation in Australia has passed its peak, but at 7 percent is still too high and it will be some time yet before it is back in the target range
RBA Surprise Rate Hike
RBA Surprise Rate Hike
RBA Surprise Rate Hike
The Reserve Bank of Australia hiked its interest rate by 25 basis points today to 3.85 percent. The market was betting 100 percent against a hike. With inflation cooling, why did Australia hike? “…inflation in Australia has passed its peak, but at 7 percent is still too high and it will be some time yet before it is back in the target range