Rates round-up: RBA tightens policy 25bp
Plus rate increases in India, Israel, the Dominican Republic and Jamaica
Australia: The Reserve Bank of Australia raised its main interest rate 25 basis points to 2.6% today, as inflation continues to run outside the 2–3% target range.
RBA governor Philip Lowe said the policy board was “resolute” in its determination to bring inflation back to target. “It is seeking to do this while keeping the economy on an even keel,” he said. “The path to achieving this balance is a narrow one and it is clouded in uncertainty.”
The RBA forecasts inflation will be around 7.75% in
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