RBA raises official interest rate to 4.1% in blow to mortgage holders
Reserve Bank of Australia increases cash rate target to where it was in February last year
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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 two cuts last year. Continue reading...
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