Australia's central bank's fifth rate hike benchmark interest rate this year was adjusted to 2.25%

Xinhua News Agency, Sydney, September 6 (Reporter Hao Yalin Wang Qi) Australian Reserve Bank (central bank) announced on the 6th that the benchmark interest rate was raised by 50 basis points to 2.35%, and the interest rate of 50 basis for foreign exchange settlement was increased to 2.25%.This is the fifth rate hike of the Australian Central Bank this year.

Australian central bank governor Philip Luo said in a monthly monetary policy statement issued by the day that the Australian inflation rate has reached the highest level since the 1990s, and will continue to rise in the next few months. The central bank hopes to control the level of inflation at 2%To 3%target interval, while maintaining stable economic growth.

In KPMV -Australian partner and senior economist Sara Hunter, in an interview with Xinhua News Agency, the real estate market has been the first to be affected by interest rate hikes. Recently, housing prices have fallen sharply.Real estate -related industries will also be affected.

In May this year, the Australian Central Bank started the first interest rate hike since 2010.

- END -