RBA hikes again by 25bp, more pain to come
Governor Lowe said repeated hikes to the cash rate target were essential to ensure the current high rate of inflation was temporary.
RBA Governor Philip Lowe.
Australia’s central bank has hiked its cash rate target by another 25 basis points – as widely expected – in a move aimed to take inflation off the boil.
The RBA has increased the target to 3.1%, citing inflation remained too high and way out of the desired target band.
Governor Philip Lowe
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