The RBA raised the cash rate by 25bp to 4.60% in a unanimous decision, but the stronger signal came from its assessment that previously identified inflation risks are now becoming reality. The Board said “some of the upside risks flagged in August are materialising,” pointing to higher global energy prices as the Middle East conflict […]
The post RBA Hikes Unanimously as Inflation Risks “Materialise,” Keeps Further Tightening in Play appeared first on ActionForex.
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.60 per cent. Inflation remains elevated and some of the upside risks flagged in August are materialising. The conflict in Read more…
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