Business

RBA Hikes Interest Rates

Updated 2026-05-05 05:00 UTC 1 source Negative

The Reserve Bank of Australia increased the official interest rate to 4.35%, marking a third consecutive hike and impacting mortgage holders. This move aims to curb inflation but could strain household finances.

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The Guardian
Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levels <a href="https://www.theguardian.com/australia-news/live/2026/may/05/hantavirus-cruise-budget-jim-chalmers-rba-interest-rates-cost-of-living-mortgage-royal-commission-antisemitis
2026-05-05 04:41 UTC
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