A closer look at “RBA Hikes Cash Rate to 4.85% in Fifth Increase This Year, Highest Since 2008”, exactly as the source publishes it. The Reserve Bank of Australia has lifted the official cash rate by 25 basis points to 4.85%, the fifth increase this year and the highest level since 2008. The decision comes as inflation accelerated to 4.3% in the year to September, driven in part by a global oil shock linked to the war in the Midd The decision comes as inflation accelerated to 4.3% in the year to September, driven in part by a global oil shock linked to the war in the Middle East.
Mortgage holders will feel the impact immediately, with lenders expected to pass on the higher rate. RBA officials had signaled the move in recent weeks, stressing the need to bring inflation back to target. For the complete material, the listing points back to the source inside the network.