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AUSTRALIAN BANK INCREASES ADDITIONAL 0.25% BASE POINTS

EXCHANGE TRADING KNOWLEDGE
Nguyễn Thành Lợi

The Reserve Bank of Australia raised the cash rate by 25 basis points to 4.35%, marking the first rate increase since June and reaching its highest level since November 2011, in line with the market consensus

Reserve Bank of Australia: Council determined to bring inflation to target, Wage growth has accelerated over the past year but remains in line with the inflation target, provided productivity growth accelerates. To date, medium-term inflation expectations remain in line with the inflation target and maintaining this situation is important.

Australian dollar AUD/USD increased more than 10 points in the short term and then fell again, currently at 0.6483.

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Last updated: 11/07/2023 05:38

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