On the 3rd, the central bank of Australia decided to raise the policy interest rate by 0.25% in an attempt to curb significant inflation, and decided to raise the interest rate for the first time in 11 and a half years.
Central banks are accelerating monetary tightening as global inflation continues.
The Federal Reserve Bank, the central bank of Australia, held a meeting to decide monetary policy on the 3rd and decided to raise the policy interest rate by 0.25% to 0.35%.
In Australia, consumer prices from January to March have risen sharply for the first time in about 21 years due to soaring real estate prices and rising fuel prices.
The central bank will raise interest rates for the first time in 11 and a half years since November 2010, with the aim of curbing inflation by tightening monetary policy.
"Price increases are higher than expected. It is appropriate to start monetary normalization given that wage growth can be confirmed," the central bank said in a statement, suggesting further rate hikes in the future. bottom.
Central banks in each country are tightening monetary policy, as the Federal Reserve Board, the central bank of the United States, discusses two monetary tightening measures this week amid global inflation due to Russia's invasion of Ukraine. It is accelerating the movement.