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RBA surprises with 25bps hike, to give itself greater confidence

RBA surprises the market by raising the cash rate target rate, by 25bps to 4.10. Tightening bias is maintained as “Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe”. The central bank noted that while inflation is “still too high” even though it has […] The post RBA surprises with 25bps hike, to give itself greater confidence appeared first on Action Forex... Read More

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Posted: Jun 6 2023, 04:41

Author Name: actionforex

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