Which key events have been driving markets? Find out with Senior Economist Bob Cunneen. |Read More|
Statement by Philip Lowe, Governor: Monetary Policy Decision – October 2022
By upwealth
In
Economic Update
At its meeting today, the Board decided to: increase the cash rate target by 25 basis points to 2.60 per cent increase the interest rate on Exchange Settlement balances by 25 basis points to 2.50 per cent. The Board is committed to returning inflation to the 2–3 per cent range over time. Today’s increase in interest rates will help achieve this goal and further…