RBA Interest Rate Rise to 4.85% Adds Pressure Before Christmas
The RBA has raised interest rates to 4.85 per cent, adding to cost-of-living, housing and business pressures ahead of Christmas.
Tag RBA rate rise
RBA Rate Rise Sparks Concern Across Consumer, Welfare and Business Groups
Australia’s cash rate has risen to 3.85 per cent after the Reserve Bank increased rates by 25 basis points. Welfare and consumer advocates warned of deeper financial stress, while CPA Australia and the Somerville Business Group said households and small businesses could face tighter spending and tougher trading conditions.
