Bullock's August Rate Hike Warning Sparks Market Rally as Housing Market Angst Deepens

4.35% — The RBA's current cash rate, lifted three times this year, with Governor Michele Bullock now explicitly putting a further increase on the agenda for the August 10-11 board meeting.

Money Moves

• RBA Governor Bullock issues explicit rate hike warning — In her second formal speech of the year, Bullock told a Sydney charity event that "the board is prepared to act as required" including increasing rates further if inflation remains stubbornly above the...