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Australia RBA Interest Rate Decision came in at 3.85%, above expectations (3.6%)

Indonesia Core Inflation (YoY) below forecasts (2.89%) in April: Actual (2.83%)

Indonesia Core Inflation (YoY) below forecasts (2.89%) in April: Actual (2.83%)
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Breaking: RBA surprises markets with rate hike to 3.85% in May, AUD/USD rallies

At its May monetary policy meeting, the Reserve Bank of Australia (RBA) board members decided to lift the Official Cash Rate (OCR) by 0.25% to 3.85.
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