{"id":79586,"date":"2023-02-07T13:08:18","date_gmt":"2023-02-07T09:08:18","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=79586"},"modified":"2023-02-07T13:08:19","modified_gmt":"2023-02-07T09:08:19","slug":"rba-raises-ocr-by-25-bps-to-3-35-in-february","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/rba-raises-ocr-by-25-bps-to-3-35-in-february\/02\/07\/market-updates\/","title":{"rendered":"RBA raises OCR by 25 bps to 3.35% in February"},"content":{"rendered":"\n<p>The Reserve Bank of Australia (RBA) board members decided to raise its official cash rate (OCR) by another 25 basis points (bps) from 3.10% to 3.35%, as widely expected, when they met at their February 7 monetary policy meeting, the first of this year.<\/p>\n\n\n\n<p>According to the latest Reuters poll, the RBA was expected to deliver a fourth successive quarter-point interest rate hike on Tuesday. The central bank would likely follow it up with a fifth in March as it continues its battle to tame inflation.<\/p>\n\n\n\n<p>AUD\/USD pares intraday gains around 0.6930 as bulls struggle near the short-term key hurdle heading into Tuesday\u2019s European session. In doing so, the Aussie pair fades the bounce off a one-month low while snapping a three-day downtrend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of Australia (RBA) board members decided to raise its official cash rate (OCR) by another 25 basis points (bps) from 3.10% to 3.35%, as widely expected, when they met at their February 7 monetary policy meeting, the first of this year. According to the latest Reuters poll, the RBA was expected to &hellip;<\/p>\n","protected":false},"author":9,"featured_media":32839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7063,7664,7035],"class_list":["post-79586","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud-usd","tag-interest-rate-hike","tag-rba"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=79586"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79586\/revisions"}],"predecessor-version":[{"id":79587,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79586\/revisions\/79587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32839"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=79586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=79586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=79586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}