After announcing consecutive three rate increases in the last meetings, the Reserve Bank of Australia (RBA) is up for another hawkish monetary policy outcome during the scheduled Interest Rate Decision around 04:30 AM GMT on Tuesday. The RBA is expected to lift the benchmark interest rate by 50 basis points (bps) to 1.85%, mainly to fight inflation and match the tune with major central banks. With this, the Aussie central bank could reach near the monetary policy hawks like the Fed and RBNZ, not to forget the BOE and BOC, even as the domestic numbers have been softer of late, which in turn makes today’s RBA rate hike ... (full story)