RBA Hikes to 4.85% as Inflation Outlook Worsens, But 6–3 Vote Exposes Policy Divide

RBA raised its cash rate target by 25bps from 4.60% to 4.85% at its November meeting, as persistently high inflation and mounting risks to inflation expectations prompted further monetary tightening. The decision was supported by six Board members, while three preferred to hold rates unchanged, highlighting disagreement over the need for additional restraint. More significantly, […] The post RBA Hikes to 4.85% as Inflation Outlook Worsens, But 6–3 Vote Exposes Policy Divide appeared first on ActionForex.