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Australia - RBA raises the cash rate by +25bp to 3.35%, as expected

Australia - RBA raises the cash rate by +25bp to 3.35%, as expected

Reserve Bank of Australia February 2023 monetary policy decision.

The ninth in a row of cash rate hikes, cash rate to a 10-year high. The RBA says it expects further increases in the cash rate are yet to come.

Headlines via Reuters:

  • Inflation is expected to decline this year due to both global factors and slower growth in domestic demand.
  • Board expects further increases in interest rates
  • Board resolute in its determination to return inflation to target... Read More
Posted: Feb 7 2023, 03:30
Author Name: forexlive
Views: 112063

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