Another Australian Central Bank Rate Hike, and This One Was Not Anticipated
With Australian consumer price inflation receding to 7.0% last quarter from 7.8% in the final quadrant of 2022, analysts were expecting officials at the Reserve Bank of Australia to leave the Official Cash Rate steady at 3.85%. Instead, such was raised for the twelfth time since May 2022. This was the seventh 25-basis point increase […]
With Australian consumer price inflation receding to 7.0% last quarter from 7.8% in the final quadrant of 2022, analysts were expecting officials at the Reserve Bank of Australia to leave the Official Cash Rate steady at 3.85%. Instead, such was raised for the twelfth time since May 2022. This was the seventh 25-basis point increase […]
