The Reserve Bank has lifted Australia’s official interest rates by 50 basis points or half a percentage point, taking the cash rate target to 0.85% and beating the expectations of most economists. It is the biggest one-off rise in more than two decades and the biggest increase to the cash rate in a single month […]
The post Reserve Bank hikes interest rates against backdrop of increasing inflation appeared first on Small Caps.
from Small Caps https://ift.tt/f6PbOzo
Post a Comment