Flashnote: RBA raises and sets sights on more…

Today’s interest rate rise by the RBA was slightly higher than expected, raising rates by 0.25% to 0.35% compared to market expectations of 0.15% to 0.25%. That’s not really the point though. What we’re looking at is what happens next and from today’s statement it seems like we are now confirmed to be in a multi-stage increasing cycle. There’s even a hint of panic now with the central bank feeling like it went overboard when cutting rates to as low as they have been over the past two years.

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