The Reserve Bank of Australia raises the official cash rate again, marking the third consecutive increase. Multiple outlets report the cash rate is lifted to 4.35 per cent. The decision directly affects borrowers across Australia, including homeowners with variable-rate mortgages and borrowers reliant on rates linked to the cash rate. The reporting characterizes the move as unwelcome for households who were expecting continued relief but instead face higher borrowing costs. The articles align on the headline details: the Reserve Bank chooses to continue tightening monetary policy by increasing the cash rate once more, and the new level is 4.35 per cent. With this being the third straight rise, the decision also reinforces the broader direction of recent policy settings rather than reversing course. The sources do not provide additional figures beyond the new cash-rate level and the fact that it is the third consecutive hike.
Reserve Bank lifts interest rates again to 4.35% for third straight time
The Reserve Bank of Australia raises the official cash rate again, marking the third consecutive increase. Multiple outlets report the cash rate is lifted to 4.35 per cent. The decision directly affec...
- The Reserve Bank increases the official cash rate again.
- The cash rate rises to 4.35%.
- This is the third consecutive interest rate increase.
- The decision affects borrowers, including variable-rate mortgage holders.
The Reserve Bank has done what homeowners were dreading by hiking the cash rate again to 4.35 per cent.
3 months agoThe Reserve Bank has done what homeowners were dreading by hiking the cash rate again to 4.35 per cent.
3 months agoThe Reserve Bank has done what homeowners were dreading by hiking the cash rate again to 4.35 per cent.
3 months ago
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