RBA slows to 25bp hike in cash rate target
Reserve Bank of Australia still hiking to tame inflation pressures.
RBA governor Philip Lowe.
Australia’s central bank has surprised markets after only hiking its cash rate target by 25 basis points in an effort to kick inflation to the sidelines.
The RBA has taken the cash rate target from 2.35% to 2.6% - after four consecutive 50bp hikes.
Devon Funds head of retail Greg Smith had
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