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Australia's central bank lifts rates to 18-year high

Original: Australia's central bank lifts rates to 18-year high, split vote points to pause ahead

The Reserve Bank of Australia has raised interest rates to their highest level in 18 years, with the decision revealed to have passed on a split vote among board members. That division is being read as a signal the bank may now hold off on further increases as it assesses the impact of tightening so far on inflation and household finances.

Why now: A split board vote at an 18-year-high rate decision suggests the RBA is close to ending its tightening cycle, prompting debate over whether further hikes are coming.

Reserve Bank of AustraliaAustralia

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Evidence

• Australia's central bank lifts rates to 18-year high, split vote points to pause ahead · Reuters
• Australia's central bank lifts rates to 18-year high, split vote points to pause ahead · Macon Telegraph

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