Australia – RBA announce a +25bp interest rate hike, as widely expected

more to come

Still ahead in 10 minutes time:

• Australian Treasurer Chalmers to speak on the RBA interest rate decision right after

Background:

• Reserve Bank of Australia decision due imminently, preview

• Reserve Bank of Australia expected to hike its cash rate by 25bp today, but “a close call”

• Former RBA Board member on ways to lower Australian inflation (& why RBA will hike today)

• RBA Shadow Board recommends a rate hike at tomorrow’s monetary policy meeting

• Failure to act on high CPI threatens to damage the Reserve Bank of Australia’s credibility
• Reuters Poll: RBA to high cash rate to 4.35% on November 7
• IMF tells the RBA to hike interest rates higher, and hold ’em high for longer
• Westpac forecasting a November Reserve Bank of Australia rate hike

• UBS forecasts a November RBA interest rate hike, and likely more to come after that
• RBA rate hike incoming on November 7 – will they hike again in December?
• Commonwealth Bank of Australia forecast a 25bp RBA rate hike on November 7
• Australia – Demand for luxury supercars “through the roof”
• Australian Treasurer Chalmers says inflation is moderating but persistent
• ANZ forecasts a 25bp RBA interest rate hike on November 7 (previous forecast was December)
• Australia – market is rapidly pricing in a November rate hike after surging inflation data
• AUD/USD jumped higher on Australian inflation data, November 7 rate hike is likely now.

            This article was written by Eamonn Sheridan at www.forexlive.com.