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The RBA raised its cash rate 25bps to 4.85% on a split 6–3 vote, dropped its explicit tightening bias and signalled a pause for assessment, so the Australian Dollar fell despite sharply higher inflation forecasts. Read more…
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RBA raised its cash rate target by 25bps from 4.60% to 4.85% at its November meeting, as persistently high inflation and mounting risks to inflation expectations prompted further monetary tightening. The decision was supported by Read more…