Cash rate increased for the 1st time since 2010

As expected, the Reserve Bank of Australia (RBA) increased the official cash rate by 0.25% to 0.35%. The RBA also increased the interest rate on Exchange Settlement balances from 0% to 0.25%. This is the first cash rate hike in more than a decade and comes after core inflation grew by 3.7% over the year…

Published: 3rd May 2022By: Compare n SaveCategorised: Home & Investment Loans