World News
RBA interest rates: Reserve Bank raises cash rate to highest level in 15 years and warns of more hikes ‘if needed’
Source: World news | The Guardian · Published
Michele Bullock says board knows decision will hit some people hard but hopefully in the next few years ‘this will all have been worth it’ Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank of Austr
Michele Bullock says board knows decision will hit some people hard but hopefully in the next few years ‘this will all have been worth it’ Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank of Australia has lifted its key interest rate to 4.6%, its highest level since 2011, and warned of further hikes as the unending US war on Iran pushes prices “permanently higher”. The widely expected fourth increase to the cash rate this year will add to repayment costs for millions of mortgage holders. Before Tuesday’s meeting, it sat at 4.35%.
Continue reading...
Related stories
Australia investigating reports of human rights activist detained in Vietnam – as it happened
This blog is now closed RBA interest rates: Reserve Bank raises cash rate to highest level in 15 years and warns of more hikes ‘if needed’ Get our breaking news email , free app or daily news podcast New South Wales police say they are investigating the suspicious deaths of two m
World news | The Guardian ·
Australia raises interest rates to 15-year high
Reserve Bank of Australia lifts benchmark rate to 4.6 percent amid stubborn inflation.
Al Jazeera – Breaking News, World News and Video from Al Jazeera ·
The Frenemy: How Australia navigates superpower rivalry
Australia is increasingly concerned about China's military might - but Beijing is also its biggest trade partner.
feeds.bbci.co.uk ·
Australia v Brazil: men’s international football friendly – live
Follow updates as Socceroos face Seleção in Brisbane Any thoughts? Get in touch with an email The lights of Lang Park have gone down, the flamethrowers are roaring, and the music is pumping as the stadium announcer reads the two line-ups. Irankunda, unsurprisingly, gets the bigge
Sport | The Guardian ·
RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% – video
The Reserve Bank of Australia has raised its key interest rate to 4.6%, its highest level since 2011. RBA governor Michele Bullock says the global AI boom has 'driven significant price rises' and is contributing to demand in the Australian economy. In a statement accompanying the
Business | The Guardian ·