in Nanyang. My Australia is experiencing stagflation, Malaysia should be vigilant/Chen Wancheng.
While major central banks such as the Federal Reserve and Europe are on hold, Australia has taken the opposite route. The Reserve Bank of Australia announced a rate hike on November 3, pushing the cash rate to 4.85%, a new high since 2008. This is the fifth time Australia has raised interest rates this year, becoming the first major developed economy to raise interest rates five times this year.