RBA Hikes Cash Rate to New High of 4.85%, a December Pause Likely

RBA lifts cash rate 25bps to 4.85% in split vote, citing “broadly based” domestic inflation pressures, Middle East conflict and AI boom. Indications are for a pause to assess in December. While risks are still skewed up, we stick with our existing base case that this is likely the peak of the cycle. As expected, […] The post RBA Hikes Cash Rate to New High of 4.85%, a December Pause Likely appeared first on ActionForex.