Despite mounting public scrutiny, the Reserve Bank of Australia has decided to increase the official cash rate a further 0.25%, to 4.10%. This marks a cumulative increase in the cash rate of 4% since May 2022.
Following Tuesday’s federal budget, delivered by Treasurer Jim Chalmers, there have been some criticisms that the lasting impacts of the budget may contribute to inflation and the rising cost of living.
This week the RBA lifted interest rates by a further 0.25%, bringing the official cash rate to its highest point in over a decade, at 3.85%. This latest rate hike left many bewildered, as homeowners continue to suffer more than most due to the RBA remaining intent on...
The RBA Board has officially decided to increase the cash rate by 25 basis points to 3.85%.
Mark Bouris has told Sky News Australia that homeowners should prepare for further interest rate rises, following Tuesday’s RBA decision to hold the rate.
Over 1.2 million Australian homeowners are expected to be making mortgage repayments three times their current level.
Will the Reserve Bank of Australia (‘RBA’) need to recalibrate its aggressive rate hiking strategy?
“We’ve got to get inflation under control”
The Reserve Bank of Australia (‘RBA’) has decided to raise the official cash rate for the tenth consecutive time.
