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flag Australia's central bank raised rates to 3.85% amid rising inflation and strong spending, ahead of key wage data.

flag The Reserve Bank of Australia will release minutes from its February meeting, detailing its unanimous decision to raise interest rates by 25 basis points to 3.85 percent, driven by rising inflation and unexpectedly strong consumer spending and business investment. flag The release comes ahead of key wage data from the Australian Bureau of Statistics, expected to show a 3.4 percent year-on-year increase and a 0.8 percent quarterly rise, largely in services sectors. flag These figures will help assess ongoing inflation pressures and inform future monetary policy decisions.

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