Insights Shed Light on Australia’s Rate Hike Picture

Insights Shed Light on Australia’s Rate Hike Picture
Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia, on Feb. 6, 2018. Daniel Munoz/Reuters
AAP
By AAP
Updated:

Minutes from the Reserve Bank of Australia’s board meeting will likely be pored over for insights into its December cash rate decision and interest rate movements in the new year.

The RBA hiked interest rates by 25 basis points in its latest meeting, marking the eighth rise in a row as it seeks to tame inflation.