Australia’s central bank ramps up inflation fight with third rate hike this year

🇦🇺 WKZO (AU) —
Australia’s central bank ramps up inflation fight with third rate hike this year

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The Reserve Bank of Australia has raised its main cash rate by 25 basis points to 4.35% as part of its fight against inflation pressures. This marks the bank's third rate hike this year.

Wrapping up ​the May policy meeting, the Reserve Bank of Australia raised its main cash rate by 25 ‌basis points to 4.35%, undoing all of the ...

Politics Markets Reserve Bank of Australia interest rates cash rate inflation economy

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