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Australian central bank lifts cash rate to 9-year high 2.6% - The Associated Press - en Español

AP News LogoAP News2 mo ago

Australian central bank lifts cash rate to 9-year high 2.6% - The Associated Press - en Español

Quick Summary

Australian central bank lifts cash rate to 9-year high 2.

When the bank lifted the rate by a quarter percentage point at its board meeting in May, it was the first rate hike in more than 11 years.

FILE - Governor of the Reserve Bank of Australia Philip Lowe speaks in Sydney, Australia, Thursday, Sept.8, 2022.


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News Analysis

Category: Nation Politics

Topics: 2022 Australia Bank Inflation Month Rate Lowe Reserve Central Interest Australian

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: apnews.com

Readership Location: United States

Published Date: 2022-10-04, 05:20:39

News Timezone: GMT -5:00

Language: English

Original Article Length: 569 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2835034

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AP News Logo

Name: AP News

Main Topics: NationPolitics

Official Website: apnews.com

Update Frequency: 155 posts per day

Last Update: 4d ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

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