RBA raises interest rate by 25 basis points to 4.1%

In the Asian session on Monday (June 12), the Australian dollar/dollar fell back from its highs and temporarily reported at 0.6741, a drop of 0.04%. The Reserve Bank of Australia raised interest rates by 25 basis points to 4.1%, the highest level since April 2012, while the market expects to keep rates unchanged.

The latest news from the Commonwealth of Australia:

Lowe, chairman of the RBA, pointed out that it is too early to declare victory against inflation, and reiterated that further monetary policy tightening may be required, and whether to raise interest rates further depends on the development of the economy and inflation. The Reserve Bank of Australia surprised markets last week by announcing a rate hike to curb stubborn inflation.