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Name: RBA lifts official cash rate to 1.35 per cent
Uploaded: 2022-07-05T10:04:29.917Z
Duration: 2 min 36 s
Description: The Reserve Bank has done what many predicted, lifting the official cash rate 50 basis points to 1.35 per cent as inflation continues to rise. The move will put more pressure on already strained household budgets with the Treasurer warning things will continue to worsen over the coming months.

RBA lifts official cash rate to 1.35 per cent

Published 5 July 2022, 6:16 am

The Reserve Bank has done what many predicted, lifting the official cash rate 50 basis points to 1.35 per cent as inflation continues to rise. The move will put more pressure on already strained household budgets with the Treasurer warning things will continue to worsen over the coming months.

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Australia