Australia Raises Key Rate to 15-Year High After Fourth Hike This Year
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Australia’s central bank resumed raising interest rates on Tuesday, judging it couldn’t wait any longer to respond to rising energy costs and resilient domestic demand that threaten to intensify inflationary pressures.
This marks the fourth hike this year, pushing interest rates to a 15-year high.
Australia
Sources
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SourceReports the news
“Australia’s central bank resumed raising interest rates on Tuesday, judging it couldn’t wait any longer to respond to rising energy costs and resilient domestic demand that threaten to intensify inflationary pressures.”
Bloomberg — Australia Raises Key Rate to 15-Year High to Restrain Inflation“Australian interest rates hit 15-year high after fourth hike this year”
nikkei asia — Australian interest rates hit 15-year high after fourth hike this year