The Reserve Bank of Australia left the cash rate unchanged at 4.35% as widely expected, with the accompanying statement carried a distinctly hawkish tone. While policymakers acknowledged that financial conditions have tightened following three rate hikes this year and that the economy is slowing as expected, they repeatedly stressed that inflation remains a problem. The […]
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The USDJPY pair declined to 160.13 on Tuesday after two highly volatile trading sessions. Investors remain focused on the Bank of Japan’s latest policy meeting. The regulator raised its key interest rate by 25 basis Read more…
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RBA holds cash rate steady at June meeting as expected, strikes a hawkish tone with rate hikes still on the table. As was all but universally expected, the RBA Monetary Policy Board (MPB) held the Read more…