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By Ambar Warrick
Investing.com -- The Reserve Bank of Australia raised interest rates as expected on Tuesday and flagged more hikes this year as it moves to control overheated inflation, but also warned that economic growth is likely to slow in the near-term.
The RBA hiked its cash target rate by 25 basis points to an over 10-year high of 3.35%, having now raised rates by a cumulative 325 bps in this rate hike cycle.
RBA Governor Philip Lowe said in a statement that more interest rate hikes w...
>>> Read more: RBA raises interest rates as expected, says more hikes in store
Investing.com -- The Reserve Bank of Australia raised interest rates as expected on Tuesday and flagged more hikes this year as it moves to control overheated inflation, but also warned that economic growth is likely to slow in the near-term.
The RBA hiked its cash target rate by 25 basis points to an over 10-year high of 3.35%, having now raised rates by a cumulative 325 bps in this rate hike cycle.
RBA Governor Philip Lowe said in a statement that more interest rate hikes w...
>>> Read more: RBA raises interest rates as expected, says more hikes in store
