Reserve Bank of Australia hikes interest rates by 25 basis points to 3.85 per ... trends now

Surprise mortgage pain for millions of Australians as the Reserve Bank HIKES rates by 25 basis points - despite the financial market's predictions Philip Lowe would pause the cash rate Reserve Bank has raised interest rates by 25 basis points Cash rate has risen to a new 11-year high of 3.85 per cent 

By Stephen Johnson, Economics Reporter For Daily Mail Australia

Published: 05:33 BST, 2 May 2023 | Updated: 05:41 BST, 2 May 2023