RBA interest rates: Reserve Bank hikes cash rate for fifth time this year in blow to mortgage holders
Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008 RBA interest rates live updates: Reserve Bank cash rate decision Get our daily political email, free app or daily news podcast The Reserve Bank has hiked rates for the fifth time this year, from 4.6% to 4.85%, in an attempt to regain control of surging inflation amid an ongoing global oil shock triggered by the war in the Middle East. The RBA’s decision to hit mortgage holders again is no…
Places named in this report: Australia
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australia: -25.270, 133.780
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