FACTBOX - Australia raises policy rates again, so who's next?
Reuters - Australia raised its policy rate for the second time in two months, putting it well ahead of other major central banks in tightening monetary policy.
Norway has raised rates, but the world's top central banks show no inclination of doing the same any time soon. The following highlights the major central banks that may tighten policy next.
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AUSTRALIA
-- Policy rate: Cash rate is 3.50 percent
-- Next Reserve Bank of Australia meeting: Dec 1
-- The Reserve Bank lifted its cash rate to 3.50 percent from 3.25 percent on Nov. 3, its second rate rise in as many months becoming the first G20 central bank to raise rates this year.
-- Analysts detected some caution in central bank's statement about another rate rise in December, calming some market expectations for a third rate rise in a row.
-- The market has fully priced in a rise in the rate to 3.75 percent in December, but after the announcement interbank futures have climbed to 96.375, implying a rate of 3.63 percent. Continued...
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