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MarketsAustralia central bank tempers hawkish outlook after hiking rates to over decade high
Australia's central bank raised its cash rate to the highest in more than a decade on Tuesday, but suggested it might be nearly done tightening as consumer spending was slowing and there was less risk of a wages-driven inflation blow-out.
Markets PerformanceOfficial Data Partner
|Brent Crude Oil||74.99||--|
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|Euro STOXX 50||4,130.62||1.82%|
Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes
- MarketsRBA to raise rates another modest 25 basis points in December: Reuters Poll
The Reserve Bank of Australia will go for another modest 25 basis-point interest rate hike on Dec. 6 to 3.10%, its third in a row after a succession of half-point moves, according to all 30 economists polled by Reuters.
- Macro MattersAustralia's central bank says ready to go faster or pause on rate hikes as needed
The head of Australia's central bank on Tuesday said further increases in interest rates would likely be needed to tame inflation, and it was ready to go faster on hikes or to pause for a time if necessary.