RBA Increases Cash Rate Again to 0.85%

RBA Increases Cash Rate Again to 0.85%

The Reserve Bank of Australia (RBA) has increased the cash rate by 0.25 percent to 0.85 percent. The RBA said the decision was made in order to “strengthen domestic demand and return inflation to target over time”. Inflation is currently sitting at 1.3...
RBA Increases Cash Rate to 0.35%

RBA Increases Cash Rate to 0.35%

The Reserve Bank of Australia (RBA) raised the official cash rate by 25 basis points to 0.35 percent, citing high inflation. More rate hikes are likely to follow. From November 2010 to 2020 it was the first time the Reserve Bank of Australia has raised the cash rate....