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17.03.26 - 07:54
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RBA interest rates: Reserve Bank raises official cash rate to 4.1% in blow to mortgage holders (The Guardian)
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Reserve Bank of Australia's second consecutive increase lifts cash rate target to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5% in a split decision, leaving the door open to further hikes.The hike takes the RBA's cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year. Continue reading......
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03.02.26 - 07:54
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RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders (The Guardian)
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Shortest rate-cutting cycle in the RBA's modern history ends after unexpected jump in inflation Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has hiked rates for the first time in more than two years, with mortgage holders to bear the brunt of dealing with an unexpected jump in inflation.The RBA monetary policy board announced on Tuesday at the end of its two-day meeting that the cash rate target would lift to 3.85%, from 3.6%. Continue reading......
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