05 July 2022 · 0 min read

Reserve Bank of Australia Hikes Rates in Quickest Tightening on Record

The Reserve Bank of Australia delivered its first-ever consecutive half-percentage point interest-rate hike as it joins global central banks in fighting inflation. The RBA took the cash rate to 1.35% - the highest since May 2019. Manus Cranny and Juliette Saly report on Bloomberg Television.

The segment aired on July 5, 2022.