RBA interest rate
Cash Rate Target. The RBA may opt for a modest 015 percentage point increase taking the official cash rate to 025 per cent although a 04 percentage point hike to 05 per cent would signal a strong resolve to.
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A media release is issued at 230 pm after each Reserve Bank Board meeting with any change in the cash rate target taking effect the following day.
. The Reserve Bank of Australia has lifted the official cash rate for the first time in more than 11 years in its first intervention in a federal election since John Howard lost office in late 2007. Prior to December 2007 media releases were issued only when the cash rate target was changed. Monetary policy decisions involve setting a target for the cash rate.
The RBA on Tuesday lifted the official cash rate by 025 percentage points to 035 per cent the first increase since 2010 and the first during an election campaign since 2007. RBA cash rate Check the current RBA cash rate read interest rate forecasts from 40 experts and find out the chances of a rate cut or rise in the near future.
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