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Tag Name: interest rates

RBA Increase Cash Rate to 3.10%

Australia’s official interest rate is now 3.10% after the Reserve Bank of Australia lifted the cash rate by 25 basis points following today’s board meeting. The move was widely expected, as the RBA reiterated its determination to return inflation to target in its November quarterly Statement on Monetary Policy. The central bank “expects that interest […]

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5 Ways to Respond to Rising Interest Rates

As you are aware, interest rates are going up. The Reserve Bank of Australia increased interest rates for the seventh consecutive month on November 1, 2022, increasing the cash rate by 25 basis points to 2.85 percent, the highest level in nine years. Home loan and business rate increases will follow.   So, what should […]

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