Australia Set for U-Turn to Rate Hike in Break From Global Trend

Australia’s central bank faces the uncomfortable prospect of going against the global grain and switching back to raising interest rates this week to douse resurgent inflation — less than six...

By Swati Pandey · Bloomberg Markets

Australia’s central bank faces the uncomfortable prospect of going against the global grain and switching back to raising interest rates this week to douse resurgent inflation — less than six months after it last cut.