has lifted its official cash rate for the first time in more than 11 years in its first intervention in a federal election since John Howard lost office in late 2007.from the record low 0.1% it had hovered at since November 2020, during the depths of the Covid pandemic. It was raised more than expected to 0.35%, and the RBA signalled more rises to come.
“Given this, and the very low level of interest rates, it is appropriate to start the process of normalising monetary conditions.” This failure to signal Tuesday’s move could damage the credibility of future comments from Lowe and the RBA, some economists have said. The verdict will likely stoke the cost-of-living debate during the election campaign, and potentially make it harder for the Morrison government to spruik its economic management credentials.
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Reserve Bank must be made accountable for inflation mistakesResetting the official target is beside the point when the major issue for the central bank review should be making its policy processes more transparent. Yes, totally agree. They failed their mandate and did nothing for 10 years while enjoying their paychecks at the expense of taxpayers. We need answers. RBA ausbiz auspol ausproperty Inflation ausproperty
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ASX LIVE: ASX seen lower, Reserve Bank of Australia rate decision awaitedASX to open lower, though dip buying in New York could check local losses. $A steady. RBA widely expected to lift key rate. Follow updates here. want to see me without a bra? But my stonks keep tanking? I thought the ASX wasn’t volatile, I thought it was safe, what about our retirement funds reeeeee
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ASX LIVE: ASX seen lower, Reserve Bank of Australia rate decision awaitedASX to open lower, though dip buying in New York could check local losses. $A steady. RBA widely expected to lift key rate. Follow updates here.
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Reserve Bank kicks off rate rises with 25-basis-point move, more likely to comeThe Reserve Bank increases interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent. With the 0.25% increase in interest rates, Sportsbet immediately shortened the ALP odds on an election win from $1.38 to $1.34. Coalition win moved from $3.00 to $3.15. Election2022 auspoll2022 Auspol want to see me without a bra? Keep it up. About time we had some money to live on
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ASX LIVE: ASX seen lower, Reserve Bank of Australia rate decision awaitedRBA hikes cash rate 0.25pc ahead of forecasts, says inflation picked up faster than expected, sees inflation at 6pc in 2022. AUD jumps. Follow the latest here.
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RBA increases interest rates for the first time in more than 11 yearsBREAKING: The Reserve Bank has increased Australia's cash rate for the first time in more than a decade. The RBA today lifted the official rate from 0.1 per cent to 0.35 per cent, in a bid to curb surging inflation. 9News INFO: want to see me without a bra? Interest rates Under current LNP Govt vs under the last Labor-Greens
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