Fears for continued interest rates hike

As was widely expected, the Reserve Bank has lifted interest rates again.

The Reserve Bank of Australia has increased it's interest rate for a third time in consecutive months, changing the cash rate to 1.35% from 0.85%. Source: APP

Highlights

• The official cash rate has gone up 50 basis points, from 0.85 per cent to 1.35 per cent
• This is unlikely to be the last interest rate rise this year
• Some analysts predict the official cash rate will be 2.5 per cent by year's end

The Reserve Bank has lifted interest rates for a third straight month.

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