RBA raises official interest rate to 4.1% in blow to mortgage holders
Reserve Bank of Australia’s second consecutive increase lifts cash rate target to where it was in February last year Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5%. The hike takes the RBA’s cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by...
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RBA raises official interest rate to 4.1% in blow to mortgage holders
Reserve Bank of Australia’s second consecutive increase lifts cash rate target to where it was in February last year Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5%. The hike takes the RBA’s cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by...
By Luca Ittimani and Patrick Commins
Read full article →Australia central bank raises rates by 25 basis points to a near 1-year high
The 25 basis points hike was in line with expectations from analysts polled by Reuters
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