LOS ANGELES (MarketWatch) -- The Reserve Bank of Australia raised its policy cash rate a quarter point to 4.25% Tuesday, in a move expected by some but not all economists. A Reuters poll had put the chances of the hike at 60%. "Interest rates to most borrowers ... have been somewhat lower than average. ... It is appropriate for interest rates to be closer to average. Today's decision is a further step in that process," said RBA Gov. Glenn Stevens in a statement accompanying the decision. The Australian dollar rose 0.15 U.S. cent to 92.04 U.S. cents after the announcement, according to Dow Jones Newswires, although the currency had reached higher levels earlier in the day http://www.marketwatch.com/story/australia-hikes-policy-rate-by-quarter-point-2010-04-06 Anybody in the US still acquainted with the term "rate hike" ?