Cash rate reaches 12-year high
Why did the cash rate rise? The Reserve Bank decided to raise the cash rate again on Tuesday, after keeping it unchanged since July.
Why did the cash rate rise? The Reserve Bank decided to raise the cash rate again on Tuesday, after keeping it unchanged since July.
The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1% for a fourth consecutive month.
RBA Governor Philip Lowe has announced a cut to interest rate meetings after a review into the bank’s culture and practices.
The RBA has left interest rates unchanged at 4.1% for the month of July, with RBA Governor Philip Lowe saying inflation has “passed its peak”.
The latest monthly figures show inflation in Australia has fallen from 7.4% to 6.8%, but that’s still a significant rise. What does it mean?
The Reserve Bank of Australia (RBA) increased the cash rate from 2.85% to 3.1% today.
What are interest rates, and how does it affect housing?