The Reserve Bank of Australia raised interest rates by 25 basis points to 4.1% as expected.
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The Reserve Bank of Australia raised interest rates by 25 basis points to 4.1%, in line with market expectations.
Previously, economists from Westpac, National Australia Bank, Citibank, and Deutsche Bank adjusted their forecasts for the Reserve Bank of Australia, predicting that it would raise rates next week. Currently, the market implies a 70% probability that the Reserve Bank of Australia will raise rates to 4.10% on March 17. In addition, Westpac and National Australia Bank expect that the Reserve Bank of Australia will also raise rates at the May meeting.
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