AUD/USD in focus as RBA hikes 25bp to 4.85%, an 18-year high
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.85%, the highest level in 18 years, in a widely expected move. The decision was not unanimous and passed on a split 6-3 vote. The central bank projects inflation will remain above 3% until late 2027, signalling that it expects price pressures to persist over an extended horizon. The source reports no Australian dollar price move, pip figures or technical levels. Elsewhere in the Asia-Pacific session wrap, Apple and Palantir both beat earnings, yet both stocks fell. The roundup also referenced security issues following a hack at crypto exchange Binance. For traders in AUD pairs such as AUD/USD, the key factors are the higher policy rate, the extended above-3% inflation outlook and the 6-3 split, which shows the board is divided on the policy path.
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