The Reserve Bank of Australia has decided to raise the cash rate target by 25 basis points to 3.85 percent due to rising inflation and increased capacity pressures in the economy. The Board anticipates that inflation will remain above target for an extended period, influenced by stronger-than-expected private demand and ongoing tight labor market conditions.
| Policy Rate | 3.60% |
| AUD/USD | 0.7092 |
| GDP Growth | 2.8% |
| M2 Growth | 6.7% |
| 10Y Yield | 4.72% |
| 2y10y Spread | +0.51% |
Top traded commodities for Australia
| Commodity | Price | 1D | 30D |
|---|---|---|---|
| Iron Ore | 107.45 USD/mt | -0.1% | -5.7% |
| Copper | 12,986.61 USD/mt | +10.1% | +53.2% |