Official interest rates hiked again

Governor of the Reserve Bank of Australia Philip Lowe

Governor of the Reserve Bank of Australia Philip Lowe Source: AAP / Mark Baker/AP

SBS News In Depth
View Podcast Series
Download the SBS Audio appAvailable on iOS and Android

As widely anticipated - the Reserve Bank has lifted official interest rates for a sixth consecutive month - to curb rampant inflation. The RBA has lifted the cash rate by 25 percentage points.

Share

Latest podcast episodes

Iran's capital Tehran faces the worst water crisis in history
David Stuart has adapted his paint business to save thousands on running costs (SBS Spencer Austad).jpg
Award winner April Le Sueur (with ball) (SBS).jpg
PRABOWO SUBIANTO AUSTRALIA VISIT

Recommended for you

Texture of illuminating orange scrub with exfoliating particles.
An illustration with a dark, reddish-brown tone features a woman with an intentionally blank face in the foreground, wearing a sunhat and a pendant necklace, standing next to a translucent rolling suitcase. In the background are shadowy figures of travellers and an aeroplane flying overhead.
Rear view of woman wearing hijab walking in crowd of people, background with copy space
Woman shopping for groceries in a well-stocked supermarket.
A composite image showing high rise apartments set against a bright orange background with illustrations of buildings and cranes
A combination image of a person holding a remote on the left and a woman holding up a phone with Netflix logo showing on the right.
Lorne Surf Life Saving Club and township at sunrise
One Nation leader Pauline Hanson speaks into a microphone.

Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News
facebook
X (Twitter)
instagram
youtube
tiktok
rss
Download our apps
SBS News
iOSAndroid
SBS Audio
iOSAndroid
SBS On Demand
iOSAndroid
Listen to our podcasts
SBS News Update
An overview of the day's top stories from SBS News
SBS News In Depth
Interviews and feature reports from SBS News
SBS On the Money
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
SBS News in Easy English
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.
Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch nowOn Demand
Watch the latest news videos from Australia and across the world