Bloomberg Television
@markets·3.2M subscribers·95.6K videos
Australian Dollar Falls After Central Bank's Smaller-Than-Expected Rate Hike
Posted
October 4, 2022
Views
12,973
Likes
102
Comments
44
Engagement
October 4, 2022
12,973
102
44
1.13%
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3:17Now PlayingThe Reserve Bank of Australia surprised investors by raising interest rates at half the pace expected. The central bank raise the cash rate by 25 basis points to 2.6% -- a result predicted by only a quarter of 28 economists surveyed by Bloomberg. The local currency fell following the announcement. Paul Allen and Paul Dobson report on Bloomberg Television with Rishaad Salamat and Haslinda Amin.
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