On the day the RBAInfo lifted interest rates yet again, it's cool comfort to know the bank's boss pockets $1 million a year to help steer the nation's economy. Philip Lowe is one of the highest paid public servants in the land. InterestRates 7NEWS
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RBA set for seventh straight rate riseThe Reserve Bank of Australia is set to raise interest rates for a seventh straight month in an effort to slow rising inflation. The RBA is expected to lift the cash rate by either a quarter or half a per cent, which would take rates above three per-cent for the first time since 2013.
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ASX to edge up, Wall St slips, RBA decision aheadAustralian shares are set to open little changed with US shares lower to start their week. Reserve Bank poised to lift the cash rate.
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RBA hikes interest rates for seventh consecutive month, issues grim inflation forecastBREAKING: The Reserve Bank has lifted interest rates for a SEVENTH consecutive month, increasing the cash rate by another 25 basis points to 2.85 per cent. MORE: 9News
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RBA gallops to 2.85pc cash rate, inflation to hit 8pcThe Reserve Bank of Australia has increased the official interest rate by 0.25 percentage points, the seventh straight rise with more expected to follow.
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RBA lifts cash rate by 25 basis points to 2.85 per centSky News Business Editor Ross Greenwood says the Reserve Bank of Australia has lifted the cash rate by 25 basis points to 2.85 per cent. “That will take interest rates to the highest level they have been since May 2013,” he said.
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‘Another difficult day’ as RBA raises cash rate to 2.85 per centTreasurer Jim Chalmers says it’s “another difficult day for Australians” who are “already under the pump” as the Reserve Bank lifts the cash rate by another 25 basis points to 2.85 per cent. “This means Australians with a mortgage will have to find that little bit extra in their monthly budget to accommodate these interest rate rises,” he said during a media conference on Tuesday. “I think importantly, as well, the Reserve Bank has changed their forecast for inflation – they now expect inflation to peak around eight per cent towards the end of the year.”
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