Archive · Business Recorder
Australian dollar gets limited support from well-flagged rate hike
SYDNEY: The Australian dollar got only fleeting support on Tuesday after the country’s central bank lifted interest rates to a 15-year peak and indicated it was ready to do more if needed to curb stubborn inflation. Wrapping up its September board meeting, the Reserve Bank of Australia board voted unanimously to raise its cash rate by 25 basis points to 4.60%, the fourth hike this year. Markets had been fully priced for the move, limiting the immediate reaction. Futures imply a 44% chance of another move in November, with December odds at 60%. Consumer price data for August is due on Wednesday...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →