Reserve Bank hikes interest rates by 25 basis points in June 2023 - 12th since ... trends now
Reserve Bank hikes interest rates by 25 basis points in June 2023 - 12th since ... trends now
More mortgage pain for millions of Australians as Reserve Bank hikes rates to 11-year high after shock inflation rise... and there are even more hikes to come: Here's what it will cost you Reserve Bank hikes cash rate to 4.1 per cent Latest 25 basis point rise 12th since May 2022
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The Reserve Bank of Australia has hiked interest rates by another 25 basis points - marking the 12th increase in little more than a year.
The cash rate has now risen to an 11-year high of 4.1 per cent and will add $97 to monthly repayments on a typical $600,000 mortgage.
