Reserve Bank of Australia raises cash rate to 4.60%, the highest since 2011, amid inflation and labour market concerns
The Reserve Bank of Australia has increased the cash rate by 25 basis points to 4.60%, marking the highest level since 2011.
This decision reflects ongoing concerns about inflation and a tight labour market, and it was anticipated by markets and banks.
Borrowers on variable-rate mortgages will face higher repayment costs, adding pressure on the Albanese government over living expenses.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
