The Reserve Bank of Australia decided to raise interest rates by 25 basis points to reach 3.25%. The Reserve Bank said before that interest rates should be raised in a specific stage as the economy is rebounding and economic conditions is getting better, worth mentioning that the Australian economy expanded 0.6% in the second quarter.

The RBA said in the statement that combined the interest rate decision that the world economy continues to grow that is why investor's risk appetite is increasing. On the other hand, economic activities in Australia is performing better than forecasts as recovery in China is supporting economic growth in Australia, while the bank added that inflation rate remains in the bank's target and it is expected to moderate reach a comfortable level