Economy · 15 h ago

Australia raises its key rate to 4.85%, the highest in nearly 18 years

For a hike

6 members

To hold

3 members

The Reserve Bank of Australia raised its rate by 0.25 percentage points from 4.60 per cent, the fifth increase this year. The board split 6 to 3, with three members voting to hold.

The bank dropped wording about possible further increases, and the Australian dollar fell 0.3 per cent to US$0.6979. Markets now see a pause in December.

Economy · 15 h ago

Australia raises its key rate to 4.85%, the highest in nearly 18 years

The Reserve Bank of Australia raised its rate by 0.25 percentage points from 4.60 per cent, the fifth increase this year. The board split 6 to 3, with three members voting to hold.

The bank dropped wording about possible further increases, and the Australian dollar fell 0.3 per cent to US$0.6979. Markets now see a pause in December.