Australia Becomes First Major Economy to Hike Interest Rates This Year
In another sign of the splintering global policy outlook, Australia has just delivered the first interest-rate hike among major central banks for the year.
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I’m Malcolm Scott, a senior international economics editor in Sydney. Today we’re looking at Australia’s monetary policy reversal. 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.
In another sign of the splintering global policy outlook, Australia has just delivered the first interest-rate hike among major central banks for the year.