Australia - RBA announce a +25bp interest rate hike, as widely expected ...Middle East

Reserve Bank of Australia with their 13th cash rate hike since they began this hiking cycle in May of 2022.Headlines via Reuters: Board remains resolute in its determination to return inflation to targetCPI inflation is now expected to be around 3½ per cent by the end of 2024 and at the top of the target range of 2 to 3 per cent by the end of 2025.Board judged an increase in interest rates was warranted today to be more assured that inflation would return to target in a reasonable timeframe.Whether further tightening of monetary policy is required to ensure that inflation returns to target in a reasonable time frame will depend upon the data and the evolving assessment of risksStill signific

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