Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The Australian Central Bank unexpectedly raised the base rate to 3.85%


May, 02 2023
watermark Economic news

The Reserve Bank of Australia (RBA) on Tuesday raised its key interest rate by 25 basis points to 3.85% per annum. This decision came as a surprise to analysts: according to their forecasts, the market expected the rate to remain at the same level.


In April, the Australian central bank did not change the rate and paused in the policy tightening cycle. Statistics for the first quarter of the year showed that inflation in the country slowed from 7.8% to 7%, and market participants expected that the regulator would refuse to further tighten policy.


However, the Central Bank's management sees the inflation rate as still too high to stop the rate hike. Reserve Bank Governor Philip Lowe said: «Inflation in Australia has peaked, but 7% is still too high, and it will take time for it to return to the target level.»


Analysts note that since May last year, the current increase was the 11-th increase in the cost of lending. In total, the rate was raised by 375 bp.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.