Fourth interest rate rise from Central Bank of Australia

11:23 - 2.08.2022


August 2, Fineko/abc.az. The Central Bank of Australia has raised the interest rate by 0.50 points up to 1.85%.

ABC.AZ reports that despite the fact that the Central Bank stated that the path that monetary policy would follow was not determined in advance, it indicated that interest rates would continue to rise.

Thus, the bank recorded the fourth interest rate increase since May.