Australia | Oct 06 2009
The speculation is over and the bolder economists have won. The RBA today decided to raise its cash rate from 3% to 3.25%, representing the first rate change since April and the first rate hike since March 2008, in which the rate moved from 7% to 7.25%.
Story to follow.
Australian investors stay informed with FNArena – your trusted source for Australian financial news. We deliver expert analysis, daily updates on the ASX and commodity markets, and deep insights into companies on the ASX200 and ASX300, and beyond. Whether you're seeking a reliable financial newsletter or comprehensive finance news and detailed insights, FNArena offers unmatched coverage of the stock market news that matters. As a leading financial online newspaper, we help you stay ahead in the fast-moving world of Australian finance news.