Australian cash rate rises for 7th straight month to 2.85% to 9-yr high
Australia's central bank boosted its benchmark interest rate on Tuesday for a seventh consecutive month to a nine-year high of 2.85 per cent. The Reserve Bank of Australia's decided on a second consecutive quarter-percentage-point rise in the cash rate at its latest monthly board meeting following four consecutive half-percentage-point hikes. When the bank lifted the rate by a quarter percentage point in May, it was Australia's first rate hike in more than 11 years. The cash rate is now at its highest point since May 2013... Читать дальше...