RBA raises rates again but no double dose this time
The Reserve Bank of Australia (RBA) has raised rates for the sixth month in a row but limited the latest hike to the more traditional 0.25 per cent.
The pace of interest rate hikes may have slowed but there are clearly still more ahead. (Image source: Shutterstock.com)
The RBA has surprised most economists by raising interest rates by 0.25 per cent to 2.60 per cent.
It held back from the temptation to unleash another double-sized interest rate hike, instead raising rates for the sixth consecutive month but by the more traditional 25 basis points and not a repeat of the 0.5 per cent of recent months.
Despite its restraint, RBA Governor Philip Lowe made it clear more rate hikes were ahead.
“A further increase …
