Why do interest rates always seem to go up once the banks have some sort of meeting. (In Australia anyway.)

Question

Why do interest rates always seem to go up once the banks have some sort of meeting. (In Australia anyway.)

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Answer 1

you havent lived very long! its not always the case. when the economy is weak and unemployment is rising or there is a big shock to the system interest rates are cut. interest rates were so low for so long there was no where to go but up. the central banks often do not move interest rates at all.