✉news BusinessBanking first seen 8 h ago, last 6 h ago, peak #28
Australia's central bank raises rates, signals more hikes ahead
Original: RBA raises interest rates by 25 bps; sees more hikes as inflationary risks mount
The Reserve Bank of Australia has raised its cash rate by 25 basis points and warned that further increases are likely as inflationary risks build. The decision lifts borrowing costs for Australian households and businesses, and analysts are weighing how aggressive the bank may need to be as price pressures persist.
Why now: Markets and households are reacting to the Reserve Bank of Australia's latest rate decision and its warning of further hikes.
Reserve Bank of AustraliaAustralia
Evidence
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