Today news
About the same in other media
Australia, Spooked by Inflation, Resumes Raising Interest Rates
Reading now: 618
wsj.comSYDNEY—The Reserve Bank of Australia surprised financial markets by raising interest rates a month after pausing to assess the impact of earlier tightening on the economy, illustrating how central banks are wary of declaring victory over inflation.
The RBA lifted its official cash rate by a quarter of a percentage point to 3.85%, arguing that while inflation had already peaked it was still too high at 7% and could take a couple of years before it reaches the top end of a 2% to 3% target range.
Read more on wsj.comAbout this in other media
Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess' cryptonews.com /1 year ago
Australian stock exchange officially abandons blockchain plans: Report cointelegraph.com /1 year ago
Australian exchanges dispel debanking fears amid Binance saga, but risks loom cointelegraph.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
