In a decision reached at its meeting today, Australia’s reserve bank will lift interest rates, causing further strain to borrowers
Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Australians’ respite from rising borrowing costs will be a short one, with the Reserve Bank surprising most economists by lifting its key interest rate again and warning of more hikes to come.
The RBA board raised its cash rate 25 basis points to 3.85% at its monthly meeting on Tuesday, defying investors who had bet the central bank would extend its pause for a second month.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
Continue reading…In a decision reached at its meeting today, Australia’s reserve bank will lift interest rates, causing further strain to borrowersFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralians’ respite from rising borrowing costs will be a short one, with the Reserve Bank surprising most economists by lifting its key interest rate again and warning of more hikes to come.The RBA board raised its cash rate 25 basis points to 3.85% at its monthly meeting on Tuesday, defying investors who had bet the central bank would extend its pause for a second month.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…