Aussie dollar, bond yields surge after surprise rate hike


Australian government bond prices plunged and the country’s currency surged after the central bank surprised markets on Tuesday with another rate hike.

The Reserve Bank of Australia raised its benchmark borrowing costs by 25 basis points to 3.85% after traders had expected no move.

The RBA said inflation, which is running at an annual rate…

This article was originally published by Read the original article here.

Previous article: Pearson shares tumble after ChatGPT warning from Chegg
Next articleIPO Report: J&J’s Kenvue spinoff to hit IPO market this week in the biggest deal since late 2021


Please enter your comment!
Please enter your name here