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RBA Delivers Smaller Than Expected Rate Hike

Por: RTTNews Business October 04, 2022

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Australia's central bank raised its benchmark rate by a smaller-than-expected quarter point on Tuesday, after lifting rates by 50 basis points in each of the last four meetings.The policy board of the Reserve Bank of Australia, headed by Governor Philip Lowe, decided to lift the cash rate target by 25 basis points to 2.60 percent from 2.35 percent. This was the highest rate since July 2013. The RBA has been tightening its monetary policy... + full article



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