Markets

AUSTRALIA’S central bank on Tuesday delivered a widely expected interest rate hike at its last policy decision of 2022 and said more hikes are still needed ahead as policymakers seek to rein in inflation. Wrapping up its December policy meeting, the Reserve Bank of Australia (RBA) lifted its cash rate...

SIGNS of a potential slowdown in the Federal Reserve’s pace of its rate hikes have led CGS-CIMB to downgrade its sector call to “neutral” from “overweight”.