Australia | Aug 08 2007
By Greg Peel
No surprises. The undeniable weight of inflationary data has forced the RBA’s hand irrespective of any concerns regarding the subprime crisis and the global credit crunch, or the perilous state of Australian household debt. The RBA this morning raised rates from 6.25% to 6.50%.
FNArena will bring an analysis of the RBA’s accompanying statement and economist reponses later today.
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