Highlights: Australia’s S&P/ASX 200 Index had a strong month returning 6.9% led by Information Technology (+13.2%), Energy (+9.8%), and Materials (+8.9%). All sectors finished up during the month. The Federal Reserve raised interest rates to 0.50% as they look to tackle the highest level of inflation in 40 years. The war in Ukraine continued to…
Statement by Philip Lowe, Governor: Monetary Policy Decision – April 2022
By upwealth
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Economic Update
At its meeting today, the Board decided to: maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent Inflation has increased sharply in many parts of the world. Ongoing supply-side problems, Russia’s invasion of Ukraine and strong demand as economies recover from the pandemic are all…