The RBA just pushed its cash rate to 4.85%, the highest since November 2008. 🇦🇺
On Nov 3, the Reserve Bank of Australia hiked 25 bps from 4.60%. That matched market expectations exactly, so the number itself was no surprise.
Why it matters: this is an 18-year high, and Australia is not moving alone. The Fed raised rates on Sept 16, its first hike since 2023. Two major central banks tightening within weeks of each other suggests the easing cycle is over for now.
For markets, an in-line hike is already priced in. The real signal is direction: higher yields support AUD and keep global liquidity tight, which tends to weigh on risk assets.
For crypto, this is another headwind for $BTC . Tighter money makes leveraged and speculative positions more expensive to hold. My watch item: whether other central banks follow, because synchronized tightening would hurt more than any single hike.
Does this make you more cautious on risk into year-end? 📉
#RBA #InterestRates #AUD
On Nov 3, the Reserve Bank of Australia hiked 25 bps from 4.60%. That matched market expectations exactly, so the number itself was no surprise.
Why it matters: this is an 18-year high, and Australia is not moving alone. The Fed raised rates on Sept 16, its first hike since 2023. Two major central banks tightening within weeks of each other suggests the easing cycle is over for now.
For markets, an in-line hike is already priced in. The real signal is direction: higher yields support AUD and keep global liquidity tight, which tends to weigh on risk assets.
For crypto, this is another headwind for $BTC . Tighter money makes leveraged and speculative positions more expensive to hold. My watch item: whether other central banks follow, because synchronized tightening would hurt more than any single hike.
Does this make you more cautious on risk into year-end? 📉
#RBA #InterestRates #AUD
