Rates rise to 1.35% – and there's no stopping now the RBA's on a mission to whip inflation
- Written by Isaac Gross, Lecturer in Economics, Monash University
ShutterstockThere was no suprise in the board of the Reserve Bank of Australia lifting interest rates at its July meeting. The only question was by how much.
Would it be a “regular” increase of 25 basis points? Or a double-whammy of 50. The markets tipped the double, and were proved right. The central bank lifted its cash rate target...
