Fifth 25-Basis Point Interest Rate of 2023 Done in Australia

As expected, officials at the Reserve Bank of Australia ended a five-month pause in their interest rate-tightening cycle, which previously had seen the Official Cash Rate climb from a pandemic low of 0.10% (Nov 2020-May 2022) to 3.1% by the end of 2022 and 4.1% by early June of this year. Today’s increase was by […]