Australia RBA Interest Rate Decision meets expectations (1.85%)

Aug 2, 2022

Breaking: RBA raises OCR by 50 bps to 1.85%, AUD/USD drops

The Reserve Bank of Australia (RBA) board members decided to increase the official cash rate (OCR) by 50 basis points (bps) from 1.35% to 1.85% at it

RBA: To take further steps in process of normalising monetary conditions over months ahead

Following are the key headlines from the August RBA monetary policy statement, via Reuters, as presented by Governor Phillip Lowe. Board expects to ta