Following a pause last month, the Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.25% to 3.85%.
Whilst headline inflation eased to 7% during the March quarter, it remains well beyond the RBA’s target range of 2-3%.
Disclaimer:
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.
RBA Cash Rate for May Increased to 3.85%
