RBA turns from Dove to Hawk as ‘circumstances change’
Australia, along with Japan, are the only developed economies where the central bank is tightening policy. This has implications for the exchange rate, and for growth.
After three rate cuts last year, the RBA has changed direction.
Australia could be in for more interest rate hikes later this year after the Reserve Bank of Australia yesterday reversed course and raised official interest rates by 0.25%.
After the RBA board unanimously voted to raise rates to 3.85%, governor Michele Bullock has hinted that more increases could
