Network Finance

Blog by Network Finance

RBA hikes the cash rate for fifth straight month to 2.35%

This is the fifth month in a row the RBA has increased the cash rate, and the fourth straight double rate increase of 50 basis points.

It’s also a seven-year high for the RBA cash rate.

RBA Governor Philip Lowe said in a statement that today’s increase in interest rates will help bring infla...

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