Which key events have been driving markets? Find out with Senior Economist Bob Cunneen. Read More

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 4.00 per cent. Inflation in Australia has passed its peak, but at 7 per cent is still too high and it will be some time…