The Australian central bank raises interest rates by 0.25%, the highest level in 10 years Suggests additional tightening
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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 […]