Australia bucks the global trend and raises interest rates for the third time
Today, Tuesday, the Australian Central Bank raised key interest rates to 4.35%, recording its highest level in December 2024, as High inflation.
This step by the Reserve Bank of Australia was in line with the expectations of a survey it conducted "Reuters" According to the opinions of economists, it is the third consecutive increase in the interest rate.
This step comes in violation of the global trend among major central banks, as the major economies preferred to maintain the approach "Follow-up and anticipation"until global tensions subside.
8 members of the Board of Governors voted for Fuel and commodity prices.
The bank raised its inflation forecast to 4.8% for the second quarter of the year and 4% for the remainder of 2026, compared to the previous February forecast, which amounted to 4.2% and 3.6%, respectively.
The economic growth forecast for 2026 was also revised down to 1.3% from 1.8%.
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