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RBA increases cash rate to 1.85%

m57417

In a widely-anticipated move, the Reserve Bank of Australia (RBA) increased the cash rate at today’s board meeting, from 1.35% to 1.85%.


This is the fourth month in a row that the RBA has increased the cash rate. Future rate rises are all but certain, possibly as early as September.


You can view the RBA's August statement here.

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