What was the immediate market reaction to the smaller than expected interest rate hike by the central bank?
Australian Dollar Falls After Central Bank's Smaller-Than-Expected Rate Hike

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Australian dollar strengthened significantly.
The Australian dollar fell sharply.
Bond yields increased dramatically.
Inflation expectations decreased.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the central bank indicate about future interest rate hikes?
They will continue with large rate hikes.
They will stop increasing rates altogether.
They will likely proceed with smaller rate hikes.
They will decrease rates in the near future.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much has the cash rate increased since May according to the transcript?
100 basis points
150 basis points
225 basis points
300 basis points
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What concern does the central bank have regarding housing prices?
They are rising too quickly.
They are dropping too sharply.
They are stable and not a concern.
They are unaffected by interest rate changes.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What global trend might the central bank's actions indicate?
An increase in inflation rates globally.
A decrease in global economic growth.
A shift towards slower rate hikes globally.
A move towards more aggressive rate hikes worldwide.
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