# Markets and economists split on chances of RBA rate hike, ASX rises — as it happened - ABC News

> Money markets priced a pause in the RBA's rate-hiking cycle, while some major Australian banks expected a rise to a 12-year high. The ASX 200 finished marginally higher ahead of the central bank's decision.

- Date: 2023-07-30 · published 2023-07-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35305-markets-and-economists-split-on-chances-of-rba-rate-hike-asx-rises-as-it
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rate expectations shape the Australian dollar and domestic demand, but the link to feed ingredient prices is indirect.

## Sources

- abc.net.au: https://www.abc.net.au/news/2023-07-31/asx-markets-business-live-news-july-31-2023/102667792

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.