The Reserve Bank of Australia raised its cash rate by 25 bps to 4.10% against expectations for no change.
RBA Suprises Again Raising Rates to Ten Year High 4.10%, Australian Dollar Higher
Australia’s Q1 Current Account surplus AUD12.30 bln (expected AUD6.50 bln; last AUD11.70 bln). April Building Permits -8.1% m/m, as expected (last -1.0%) and Private House Approvals -3.8% m/m, as expected (last -3.7%)