Sun. Nov 24th, 2024

Australia’s Reserve Bank Escalates Inflation Fight

Australia’s Reserve Bank Escalates Inflation Fight

The Reserve Bank of Australia has raised its cash rate by 25 basis points to 3.35% — the highest level in over ten years. The move follows inflation readings that indicate building price pressures across the economy. What’s the outlook for Australian monetary policy and how will the crucial AUD-USD pair be impacted? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights

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