The Guardian Australia – News
·general
·2 hours ago
RBA hikes official interest rate to 4.35% in blow to mortage holders
The Reserve Bank of Australia raised its official cash rate to 4.35% on Thursday, marking the third consecutive hike to combat inflation fueled by higher fuel prices. The decision impacts over three million mortgage holders as the RBA warned the Iranian conflict will reduce 2026 growth by half a percentage point and push inflation to 4.8%.
Summary by Glance · The Guardian Australia – News
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