3rdPartyFeeds News

: Aussie dollar, bond yields surge after central bank’s surprise rate hike

RBA says inflation too high and more policy tightening may be needed, boosting Australian dollar. Read More...

Australian government bond prices plunged and the country’s currency surged after the central bank surprised markets on Tuesday with another rate hike.

The Reserve Bank of Australia raised its benchmark borrowing costs by 25 basis points to 3.85% after traders had expected no move.

The RBA said inflation, which is running at an annual rate…

Read More

Add Comment

Click here to post a comment