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Australia Rate Hike Imminent: Predictable Move Expected
28 Sep
Summary
- Australia's central bank is set to raise its key interest rate.
- The expected rate hike brings the new interest rate to 4.6%.
- This predicted move aligns with all economist surveys.
Australia's central bank is on the verge of raising its key interest rate to 4.6% this Tuesday. This move is considered almost a certainty, with economists universally predicting the increase. Any deviation from this forecast would constitute a major policy surprise. The decision is scheduled to be announced at 2:30 p.m. on Tuesday. The consensus among economists surveyed by Bloomberg indicates a strong expectation for this rate adjustment.
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