SYDNEY (Reuters) – Australia’s central bank raised its cash rate by 25 basis points to a nine-year high of 2.60 percent on Tuesday, surprising markets that bet on a bigger move, although it left the door open for more tightening ahead. .
At the conclusion of its policy meeting in October, the Reserve Bank of Australia (RBA) said that the cash rate had risen significantly in a short period of time, so it decided to slow the pace of the moves.
This is the sixth increase since May, as it raised interest rates by a total of 250 basis points. AU / INT