Connect with us

Hi, what are you looking for?

Markets

Aussie dollar, bond yields surge after central bank’s surprise rate hike

Australian government bond prices plunged and the country’s currency surged after the central bank surprised markets on Tuesday with another rate hike.

The Reserve Bank of Australia raised its benchmark borrowing costs by 25 basis points to 3.85% after traders had expected no move.

The RBA said inflation, which is running at an annual rate…

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Élé Asu Good morning, ladies and gentlemen. Welcome to this Thema dedicated to Innovation for Environmental Security. And thank you for joining us remotely...

News

This article was written by Follow Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish...