Business News

Tue Nov 7

Why it's a good bet the RBA's Melbourne Cup Day interest rate hike will be the last

Written by: Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Australia just became the odd one out.

At its meeting last week, the US Federal Reserve kept its official interest rate on hold. A week earlier, the European Central Bank and the Bank of Canada kept their rates on hold, and, at their meetings before that, the Bank of England and the Reserve Bank of New Zealand did the same thing.

Throughout the...

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