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In a surprise move, the Reserve Bank of Australia raised its benchmark interest rate by 0.25% to 4.10%. A pause had been widely expected by the street. RBA Governor Lowe indicated the move was made to fight persistent inflation and
Overnight, the Reserve Bank of Australia stunned the world with the announcement of a surprise 0.25% interest rate increase to 3.85%, resuming tightening after being on hold for its last two meetings. On this news, the Australian Dollar rallied 0.9%
With the US Federal Reserve Board (yesterday afternoon) and the Bank of England (this morning) both raising their benchmark interest rates by 0.75% as expected, continuing the general trend toward monetary tightening, stock markets and commodities around the world have
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