At the Board meeting today, the RBA decided to increase the cash rate by 0.25%. This brings the official rate to 2.60%. The RBA governor announced that the bank decided to slow the rise a little and consider the outlook for inflation and economic growth in Australia. He also stated the board expects to further [...]
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The Board of the Reserve Bank of Australia have lifted rates this afternoon by 0.5%, taking the official rate to 2.35%. This is the fourth consecutive 0.5% increase in rates since June 2022, and a total increase of 2.25% since May 2022. The official statement from the Board can be found here. August 2022 […]