Australia RBA Interest Rate Decision meets expectations (3.35%)

Feb 7, 2023

Breaking: RBA raises OCR by 25 bps to 3.35% in February, as expected

The Reserve Bank of Australia (RBA) board members decided to raise its official cash rate (OCR) by another 25 basis points (bps) from 3.10% to 3.35%,

RBA: Board expects further increases in interest rates

Following are the key headlines from the February Reserve Bank of Australia (RBA) monetary policy statement, via Reuters, as presented by Governor Phi