monetary policy Archives

Why the RBA’s 7th interest rate increase in a row is a sign of even worse to come

Peter Martin - November 2, 2022 4 MIN READ

Pushing up interest rates isn’t something the Reserve Bank does lightly. But what’s worrying the Reserve Bank – and why it increased interest rates for a record seventh consecutive month on Melbourne Cup Tuesday – is that inflation seems to become completely detached from the bank’s target band. That target band of 2-3% was introduced… Read more »

Business

RBA cranks up interest rates by 0.5%

Simon Thomsen - June 7, 2022 2 MIN READ

The Reserve Bank of Australia has increased the official cash rate by 0.5% today to 0.85% in an aggressive jump that’s beaten market expectations for a 0.4% increase. The rise follows a 0.25% increase following the May board meeting. Governor Philip Lowe said the board’s concerns include “significantly” increased inflation, that’s “higher than earlier expected”,… Read more »

Why the RBA’s 7th interest rate increase in a row is a sign of even worse to come

RBA cranks up interest rates by 0.5%

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