Reserve Bank of Australia

@rbainfo

We conduct monetary policy, work to maintain a strong financial system and issue the nation’s banknotes. Our social media guidelines: http://bit.ly/3RgTFyH

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World & Business

Reserve Bank of Australia lifts cash rate to 4.85%, highest since November 2008

The RBA board’s 6-3 decision marked the bank’s fifth increase this year, despite a slowing economy and falling housing prices.

21 Sources, 4d ago, updated 4d ago

Michele Bullock, governor of the Reserve Bank of Australia, speaks during a press conference. Text on image reads: Australia raises rates to highest level since 2008 financial crisis (Credit: Hollie Adams/Reuters)

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Reserve Bank of Australia lifts cash rate to 4.85%, highest since November 2008

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Reserve Bank of Australia lifts cash rate to 4.85%, highest since November 2008