Published on 7 Feb 2023 on Bloomberg via Yahoo Finance
Australia Raises Key Rate to 10-Year High, Sees More to Come
(Bloomberg) -- Australia’s central bank raised interest rates by a quarter-percentage point and said further tightening will be needed to crush stubbornly-high inflation, sending the currency and bond yields higher.
Most Read from Bloomberg
Quake Toll Hits 4,000 in Turkey, Syria as Overseas Aid FlowsTurkey’s South Hit by a Second High-Magnitude EarthquakeDell to Cut About 6,650 Jobs, Battered by Plunging PC SalesUS Moves to Recover Chinese Balloon While Weighing RetaliationChina Moves From Contrite to Confrontational Over US Balloon