RBA Set to Raise Cash Rate to 4.85%, an 18-Year High
An additional increase from 4.60% to 4.85% on Tuesday would put the Reserve Bank of Australia's official cash rate at its highest level in 18 years. Markets are pricing in nearly 90% odds of the increase, according to the report.
An additional rise in the Reserve Bank of Australia's official cash rate to 4.85%, from 4.60%, on Tuesday will put interest rates at their highest level in 18 years. The increase is nearly 90% expected by financial markets after recent poor inflation data and pretty clear messaging from the bank's…