B · Normal
[Agency: The Reserve Bank of Australia still leaves room for another interest rate hike in November] On September 29, agency analysis pointed out that the Reserve Bank of Australia raised interest rates for the fourth time this year as scheduled today, raising the official cash rate from 4.35% to 4.60%. The Reserve Bank of Australia is clearly concerned that the unresolved conflict in the Middle East is exacerbating inflation risks, and the Monetary Policy Committee said related risks are gradually being realized. The Reserve Bank of Australia has not closed the door on another interest rate hike in November. If interest rates are raised again by then, interest rates will rise to their highest level since 2008. The market will be closely watching the impact of higher interest rates on the job market and real estate prices, two areas that may be the first to feel the pressure of higher interest rates.
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