Interest rates rise as RBA tackles inflation | 7NEWS скачать в хорошем качестве

Interest rates rise as RBA tackles inflation | 7NEWS

The Reserve Bank of Australia has increased the official cash rate by 0.25% to 3.85%, marking the first interest rate rise since 2023. The decision, driven by headline inflation reaching 3.8% in December—well above the RBA's target band of 2-3%—will add approximately $109 per month to repayments on an average $700,000 mortgage. Reserve Bank Governor Michele Bullock indicated inflation is expected to remain above target for some time, with economists predicting further rate increases could push the cash rate to 5% by year's end. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9h... Facebook »   / 7newsaustralia   TikTok »   / 7newsaustralia   Instagram »   / 7newsaustralia   X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands including Sunrise, The Morning Show, Spotlight and 7NEWS.com.au, delivering unique, engaging and continuous coverage on the issues that matter most to Australians. Watch 7 News Australia full broadcasts and full episodes at 6pm and weekdays at 12pm and 4pm on Channel 7 and 7plus. #BREAKINGNEWS #7NEWS