# RBA interest rates: Australian dollar trims gains after Reserve Bank’s 0.25pc increase disappoints interest rate hawks

> The RBA raised its cash rate by 25 basis points to 2.85 per cent, the highest since 2013. Inflation is now projected to peak at 8 per cent, up from the 7.75 per cent previously forecast, and the Australian dollar pared gains after the decision.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/38925-rba-interest-rates-australian-dollar-trims-gains-after-reserve-bank-s-0-25pc
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hawkish RBA decision supports the AUD, which can make Australian exports more expensive, with minimal direct effect on feed commodities.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- afr.com: https://www.afr.com/markets/debt-markets/australian-dollar-trims-gains-after-rba-disappoints-rate-hawks-20221101-p5bumg

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