✉news BusinessBanking first seen 16 h ago, last 9 h ago, peak #34
Australia's central bank lifts cash rate to 4.85%
Original: Governor of the Reserve Bank of Australia Michele Bullock speaks during a press conference after Australia's central bank lifted its cash rate to 4.85% in Sydney
The Reserve Bank of Australia has raised its cash rate to 4.85%, with Governor Michele Bullock addressing reporters at a press conference in Sydney following the decision. The hike signals the bank's ongoing effort to bring inflation back to target, and Bullock's comments are being watched closely for hints on whether further tightening lies ahead for Australian households and businesses.
Why now: Interest rate decisions by major central banks affect mortgages, borrowing costs and markets, drawing broad public attention.
Reserve Bank of AustraliaMichele BullockSydneyAustralia
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- Governor of the Reserve Bank of Australia Michele Bullock speaks during a press conference after Australia's central bank lifted its cash rate to 4.85% in Sydney · The Daily News | Texas' Oldest Newspaper
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