RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time
The Guardian1 min read3 reads
Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008
RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.85% – videoRBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time
Reserve Bank of Australia increases official cash rate to 4.85%, bringing it to highest level since 2008
The Reserve Bank governor Michele Bullock has said that “some pain now will prevent even worse pain down the track”, after lifting official interest rates to an 18-year high of 4.85% in a bid to combat persistent inflation.
