RBA raises its cash rate by 25bp to 3.85%, as widely expected

Reserve Bank of Australia decision.

I’ll have more to come on this separately.

Background:

• ANZ sees RBA 25bp rate hike today, but no commitment to further tightening

• Australian dollar chops, await pivotal RBA decision
• RBA preview: Focus on the forward guidance
• RBA tipped to hike – poll
• Goldman Sachs and Deutsche Bank forecast RBA hold

Governor Bullock will speak at 0430 GMT / 2330 US Eastern time

This article was written by Eamonn Sheridan at investinglive.com.