Month: October 2022

The Reserve Bank of Australia’s surprise decision earlier this month to only increase the official cash rate (OCR) by 25 basis points is, as expected, starting to manifest itself with a weakening Aussie dollar (AUD). Most economists had expected a 50 basis point rise. At 2.60 percent, the OCR sits …

The Reserve Bank of Australia (RBA) has today increased the official cash rate by 25 basis points to 2.60 percent. Most of the market was expecting a 50 basis point rise. This is the sixth consecutive rate hike this year as the RBA continues to normalise interest rates and start …