Another interest rate hike, but ‘sticky’ inflation likely to peak later this year

By Yajush Gupta · 5 July 2022 · News

Another interest rate hike, but ‘sticky’ inflation likely to peak later this year

Full details: Another interest rate hike, but ‘sticky’ inflation likely to peak later this year

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Summary

The Reserve Bank of Australia increased its cash rate by 50 basis points to 1.35 per cent as it wrapped off its July policy meeting.