Uncategorized
Australian Central Bank Rate Hike and Probably Not the Last One
May 2, 2023
The Reserve Bank of Australia‘s Official Cash Rate has been raised by 25 basis points and at 3.85% is 375 basis points higher than a year ago. Beginning in May 2022 from a pandemic base of 0.10%, the OCR was increased at every scheduled opportunity except in March 2022, when “the Board held interest rates […] More
New Overnight Developments Abroad - Daily Update
Factory Purchasing Manager Surveys, An Australian Central Bank Rate Hike, and Much More
May 2, 2023
It’s been a busy Tuesday from an event and data-release standpoint, but financial market movements have been more measured. Drops of 1.0% against the Australian dollar and 0.7% versus the New Zealand dollar followed the Reserve Bank of Australia’s 25-basis point rate hike after having paused tightening in March. Against other currencies, however, the dollar […] More
