The Reserve Bank of Australia has delivered an eighth straight increase in the official interest rate at its final meeting of 2022, and investors expect the bank will keep going in the new year.
The quarter-point rise on Tuesday was on par with expectations, and took the cash rate from 0.1 per cent to 3.1 per cent in just seven months – the highest level in a decade and the fastest tightening cycle in a generation.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
