RBA Governor shows true grit to raise rates by a further 0.25% to hit 4.35%
With the distraction of the general public, taking time out to watch the running of the 163rd Melbourne Cup the Reserve Bank of Australia Board (RBA) has taken a swipe at lingering inflation by raising the base cash rate by 0.25% to a 12-year high of 4.35%. The biggest takeaway from the rate rise is […]
The Reserve Bank of Australia (RBA) with a new Governor decides to… do nothing
With the former Reserve Bank governor Philip Lowe ending his seven-year term on the 17 September, and with the appointment of Michele Bullock to the position, it was generally anticipated that the first meeting held today under the auspices of the new RBA governor would be one pencilled in for a soft landing. And a […]