RBA cash rate for October raised to 2.60%
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.25% to 2.60%.
In considering the size of the increase, the RBA board appears to be continuing to focus on reducing inflation against the backdrop of falling house prices in many areas of Australia, a weakening Australian dollar and concerns of a global recession.
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Find out what recent interest rate rises may mean for you
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