Australia’s central bank has lifted interest rates for the first time since 2023, one of the first big economies to tighten its monetary policy, in an effort to combat inflation.
The Reserve Bank of Australia increased rates by 25 basis points to 3.85 per cent on Tuesday, with the board unanimous in its decision to reverse a cut six months ago. The Australian dollar rose 0.8 per cent against the US dollar.
Michele Bullock, the bank’s governor, said the “underlying pulse of inflation is too strong”, as she refused to rule out more rises in the coming months.
您已阅读19%（561字），剩余81%（2375字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。