Latest, Breaking, Current – News

The Australian central bank again raised its key interest rate Tuesday by 25 basis points, bringing it to 4.5%, but stated that lending rates were now near their average, implying that it could pause in tightening monetary policy.

The Reserve Bank of Australia (RBA) announced its decision in a brief statement.

This growth rate is the sixth in seven meetings since October.

Sixteen of 21 economists surveyed last week by Reuters had expected a rate hike after the meeting this Tuesday, the other anticipating a break.

The RBA said in its statement it would continue to adapt its policy to achieve its inflation target of 2% to 3%.In April, inflation was 2.9% year on year, according to figures released Monday.

The Australian dollar lost ground after the news release of monetary policy, while futures on government bonds were moving upward, the market anticipating a pause in rate hikes.

• Tokyo finally stable, the Fed raises high expectations
• The Tokyo Stock Exchange falling 1.68%, eyes turned to the Fed
• Wall Street occult BofA and Google through indicators
• Unemployment has stabilized at 9.3% in Q3, according to Insee
• Fed keeps rates, deemed insufficient recovery