RBA interest rate

This was the first rate hike since November 2010 with the board flagging further tightening to come as it seeks to tame surging prices. The Reserve Bank of Australia raised the cash rate by 25 bps to 035 during its May 2022 meeting larger than market consensus of a 15 bps hike.

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The central bank said the economy had proven to be resilient while inflation had picked.

. Four out of five Aussie borrowers are ready for whatever RBA throws at them packing interest rate war chests the size of which would shock many a new survey found. It found that about 80 per cent of Aussie borrowers have a war chest worth as much as 100000 plus saying theyll be good for a while as RBA moves into aggressive hikes.

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