Welcome to the August edition of the Economic Update by Senior Economist, Bob Cunneen Find out which key events have been driving markets: Central banks continue to rapidly raise interest rates to contain inflation. Australia’s central bank raised the interest rate by 0.5% in both July and August. The US central bank raised interest rates…

At its meeting today, the Board decided to: increase the cash rate target by 50 basis points to 1.85 per cent increase the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent. The Board places a high priority on the return of inflation to the 2–3 per cent range over time, while keeping the economy on an even keel….