PropMarketCapFRESHMacroeconomics and central banks

RBA raised the rate to 4.85% - an 18-year high, while AUD fell on this
The Reserve Bank of Australia at 06:30 MSK raised the rate by 25 basis points, to 4.85% from 4.60%. This is the fifth hike since February and the highest rate level in 18 years, but the Australian dollar moved down, not up, on the decision.