Millions of Australian mortgage holders have been dealt a blow to their household budget after the Reserve Bank of Australia (RBA) hiked interest rates at its February meeting on Tuesday afternoon.
The Reserve Bank of Australia (RBA) broke a two-year holding pattern by raising the official cash rate by 25 basis points to 3.85%. This decision marked the first rate hike since November 2023, ...
After the last RBA Board meeting in August, key market interest rate futures were pointing to the official cash rate falling below 3% from its current 3.6% setting. Since then, a key piece of economic ...
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