Newsig · Forex News
RBA raises cash rate by 25 bps to 4.60%, highest since 2011
Cash rate decision 4.60%Prior decision 4.35%Today’s policy decision was unanimousSince the previous meeting, some of the upside risks to inflation are materialisingRBA remains focused on ensuring that high inflation does not become embeddedInflation is still too high; some of the upside ri
Why it matters
AUD/USD (Australian Dollar / US Dollar) · Why linked: RBA cash rate decision directly impacts Australian dollar valuation and rate differentials Market context: A 25bps rate hike to 4.60%, the highest since 2011, generally supports the Australian dollar.
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