RBA has raised cash rate for 12 of last 13 meetings as economists fear recession

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 78%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Sky News Business reporter Edward Boyd says RBA Governor Philip Lowe has “made it clear” Australia’s cash rate will continue to rise despite already lifting four per cent in just over one year.

“So, at 12 meetings out of 13 meetings the Reserve Bank has held, they have raised the cash rate,” Mr Boyd told

Sky News Australia.RBA Governor Philip Lowe will front the press at a banking conference in Sydney on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX 200 finishes the day down on TuesdaySky News Business Reporter Edward Boyd says the ASX 200 finished the day down on Tuesday.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

The ASX 200 finished the day up on MondaySky News Business Reporter Edward Boyd says the ASX 200 finished the day up on Monday.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Inflation ‘slowly on its way back down’ but not decreasing ‘fast enough’The RBA has signalled it will be increasing rates this year but the big question is whether it will happen as soon as today. Sky News Business Reporter Ed Boyd says a concern for RBA Governor Philip Lowe will be bringing down inflation quickly as it’s 'slowly on its way back down' but not coming down “fast enough”.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Westpac is first to pass on RBA’s rate riseSky News Business Editor Ross Greenwood says Westpac is the first to pass on the RBA’s recent rate rise to 4.10 per cent.
Source: SkyNewsAust - 🏆 7. / 78 Read more »