The Australian central bank raises interest rates by 0.25%, the highest level in 10 years Suggests additional tightening
The Reserve Bank of Australia (Central Bank) raised the official cash rate of the policy interest rate by 25 basis points (bp) to 3.35% on the 7th. It is the highest level in 10 years. He reiterated his view that more interest rate hikes would be needed, and struck a more hawkish tone than many […]
Australian central bank advances monetary policy normalization one step
The Australian Central Bank announced at today’s board of directors that it will cut the 0.1% target for 3-year government bond (April 2024 redemption bonds) yield. By abolishing the so-called YCC, it seemed that it had made a step toward normalization of monetary policy. However, the reaction to buying the Australian dollar has only temporarily […]