RBA's close call on rates offers no solace for months ahead
The Reserve Bank of Australia is walking a tightrope in deciding by just how much it should increase interest rates but there's little doubt it will indeed keep raising them in coming months.
The Reserve Bank of Australia (RBA) on Tuesday (18 October) made it clear to the Australian public that the unexpectedly small interest rate rise earlier this month would not mean the rate hike cycle was over.
Minutes from the central bank’s October board meeting revealed that it was a close call during their internal discussions about whether to lift the official cash rate by 0.25 or 0.5 per cent.
In opting for the smaller rise of 25 basis poi…