Explore stories from Atlantic Canada.
Deja Bù: Mark reconnects with Jessica Harnois, founder Bù Wines | SaltWireSYDNEY - Australia's central bank raised interest rates to a 12-year high on Tuesday, ending four months of steady policy, but left it open on whether even more tightening would be needed to bring inflation to heel.
This was a step back from the October decision which stated that some further tightening"may be required", and was taken by markets as a sign this might be the last hike of the cycle. "You'd think they'd have opened the door to a bit more than this, but they are just trying to do as little as possible. The hurdle to hike is high."
A hike had seemed possible since consumer price inflation topped forecasts in the third quarter to run at 5.4%, well above the RBA's long term target range of 2-3%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New orders lift Saudi non-oil business activity growth to 4-month high-PMIExplore stories from Atlantic Canada.
Read more »
Ukraine orders investigation into Russian attack on assault brigadeExplore stories from Atlantic Canada.
Read more »
Protesters oppose Biden war policy in large pro-Palestinian rally in WashingtonExplore stories from Atlantic Canada.
Read more »
Flames snap losing streak with win over KrakenExplore stories from Atlantic Canada.
Read more »
Cricket-Buttler says faith in team intact despite World Cup setbackExplore stories from Atlantic Canada.
Read more »
Ukraine orders investigation into Russian attack on assault brigadeExplore stories from Atlantic Canada.
Read more »