RBA Leads World With Third Hike as Iran War Adds to Inflation Pressure
The Reserve Bank of Australia delivered a third straight interest-rate hike, unwinding all of last year’s reductions.
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I’m Malcolm Scott, international economics editor visiting Hong Kong this week. Today we’re looking at the Reserve Bank of Australia’s policy decision. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
The bluntness of monetary policy was on full display in Sydney on Tuesday.