# Australia central bank tempers hawkish outlook after hiking rates to over decade high | Reuters

> The Reserve Bank of Australia raised its cash rate to 3.85%, its highest in over a decade, while softening its guidance on further hikes. The Australian dollar fell to a two-month low of $0.6690 and bond futures rallied as investors priced in a possible pause.

- Date: 2023-03-07 · published 2023-03-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/37117-australia-central-bank-tempers-hawkish-outlook-after-hiking-rates-to-over
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A softer RBA stance and a weaker Aussie reduce pressure on Australian borrowing costs and currency-driven feed import costs, with little direct effect on feed grain prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/australia-cbank-raises-rates-more-than-decade-high-tempers-hawkishness-2023-03-07/

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