RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders
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RBA interest rates: Reserve Bank hikes official cash rate to 4.35% in blow to mortgage holders
Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastUse our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked to higher fuel prices, even as it warned the Iranian war would deliver a major blow to the economy.The widely expected decision to lift the cash rate to 4.35% from 4.1% comes as the central bank revealed a gloomy new set of forecasts that showed intensifying cost-of-living pressures alongside weaker growth. Continue reading...
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