ABC News – Australia
·australia
·2 hours ago
RBA raises rates to highest level since 2011 amid inflation pressures
Australia's Reserve Bank raised its cash rate by 0.25 percentage points to 4.35 percent, the highest since November 2011. Variable-rate mortgage holders face increased repayments as banks pass on the hike. The RBA has now raised rates for three consecutive months amid persistent inflation pressures.
Summary by Glance · ABC News – Australia
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI