| The RBA rate meeting took centre stage this morning as the Australian central bank surprised markets by raising interest rates to 3.25% (from 3% prior); becoming the first G20 nation to officially tighten monetary policy since the onset of the financial crisis. AUDUSD surged to new 13 month highs (currently 0.8870) as the bank highlighted it was “now prudent to begin gradually lessening… | ||||||||||||||||||||
More on this topic (What's this?)
Australia: Taking the lead with higher rates, but who will follow? (Investment Postcards from Cape Town, 10/8/09)
Australia Set to Raise Interest Rates (Shocked Investor, 10/5/09)
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