The Reserve Bank of Australia has increased the official cash rate to 3.85%, saying it now expects inflation to remain well above its 2-3% target for longer and leaving the door open for further rate increases; the decision pushed the Australian dollar to a three-year high against the greenback; and gold and silver prices rebound 10% following a massive crash on the weekend.
00:00 RBA decision
00:38 Interest rate increase
02:54 What it means for borrowers
04:05 Will there be more hikes?
04:58 Australian dollar pushed higher
05:56 Gold miners benefited from a price recovery
06:28 Building approvals take a sharp dip
07:04 Next chair of the corporate watchdog
07:37 SpaceX meets AI
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