Today's meeting of the Reserve Bank of Australia is anticipated to result in a hike of 0.50 percentage points (bp), bringing the Cash rate to 1.85 percent. A 50bp hike at 0.75 percent is already included into the markets. The CPI increased to 6.1 percent in the second quarter, up 5.1 percent from the first quarter, as the central bank fought against growing inflation.
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The Reserve Bank of Australia (RBA) Monetary Policy Meeting

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Today's meeting of the Reserve Bank of Australia is anticipated to result in a hike of 0.50 percentage points (bp), bringing the Cash rate to 1.85 percent. A 50bp hike at 0.75 percent is already included into the markets. The CPI increased to 6.1 percent in the second quarter, up 5.1 percent from the first quarter, as the central bank fought against growing inflation.

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