Australia: RBA could slower the pace of rate hikes – UOB
|The Reserve Bank of Australia (RBA) decided to increase the cash rate target by 50bps to 1.85%. It also increased the interest rate on Exchange Settlement balances by 50bps to 1.75%. This is the third consecutive month that the RBA has raised rates by 50bps, and at 1.85%, the cash rate is at its highest since Apr 2016.