The Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25 percent to 4.35 percent in November.
This marks a change in the bank’s fight against inflation after it put the official cash rate on hold for four consecutive months.
Australian Official Cash Rate Lifted to 4.35 Percent in November
The recent rise in inflation risks was the main reason for the RBA’s decision.
Two people walk past the Reserve Bank of Australia in Sydney, Australia, on March 7, 2017. William West/AFP via Getty Images
Alfred Bui
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Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
