RBA has announced a pause in the cash rate target after the board meeting held on 4th April 2023. The cash rate target for April 2023 sits at 3.60 per cent.
Tag: RBA
Reserve Bank of Australia (RBA) has announced another increase in the cash rate target after the board meeting held on 7th March 2023.
RBA has increased the cash rate target (interest rate) by 50 basis points to 2.35 per cent. This is the fifth month RBA has increased the cash rate.
RBA’s newest statement advises that interest rate has increased to 1.85 per cent, while inflation is at its peak since early 1990s at 6.1%.