RBA: Need to keep adjusting policy rate until confident inflation is under control

Market news

27 October 2022

RBA: Need to keep adjusting policy rate until confident inflation is under control

The Reserve Bank of Australia (RBA), in a tweet on Thursday, expressed concerns over high inflation while maintaining its pledge to continue with interest rate increases until inflation is tamed significantly.

Market reaction

The aussie is catching a fresh bid on the RBA tweet, with AUD/USD testing offers around 0.6500, at the time of writing. The pair is trading modestly flat on the day.

Currencies. Daily history for Thursday, October 27, 2022

Commodities. Daily history for Wednesday, October 26, 2022

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