HiFX Ltd | RBA raise rates by 25bps to 4.00%
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RBA raise rates by 25bps to 4.00%


2 March 2010

Reserve Bank of Australia raised its cash rate target a quarter of a percentage point to 4.00% Tuesday as the economy accelerates and labor market conditions tighten rapidly. The policy tightening, which was forecast by a majority of economists, follows a pause in February. Economists expect the RBA will raise rates a number of times in 2010 as it normalizes rates and confronts an economy reinvigorated by strong commodity demand from Asia. 


 

 

 


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