Last August, to the relief of many homeowners, the Reserve Bank’s governor, Michelle Bullock, announced a cut in interest rates and expressed confidence that inflation was heading in the right direction. But on Tuesday, the RBA hiked rates for the first time in over two years, raising the cash rate by 25 basis points to 3.85%
Guardian columnist and chief economist of the Australia Institute Greg Jericho talks to Nour Haydar about what the rate hike means, why he sees it as ‘cowardly’ and what it all has to do with the Ashes
RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders
Continue reading…Last August, to the relief of many homeowners, the Reserve Bank’s governor, Michelle Bullock, announced a cut in interest rates and expressed confidence that inflation was heading in the right direction. But on Tuesday, the RBA hiked rates for the first time in over two years, raising the cash rate by 25 basis points to 3.85%Guardian columnist and chief economist of the Australia Institute Greg Jericho talks to Nour Haydar about what the rate hike means, why he sees it as ‘cowardly’ and what it all has to do with the AshesRBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders Continue reading…
