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Posts tagged as “interest rates”

Reserve Bank Lifts Interest Rates By 0.25%

The Reserve Bank has announced a 25 basis points increase in the cash rate to 6.75%. The interest rate increase is the first to ever take place during an election campaign. It is the sixth increase in interest rates since the 2004 election. Table of Cash Rates Since 1990 This is the text of the statement on monetary policy by the Governor of the Reserve Bank, Glenn Stevens. At its meeting yesterday, the Board decided to increase the cash rate by 25 basis points to 6.75 per cent. Inflation in Australia has increased. Underlying inflation was 0.9 per cent in the September quarter and close to 3 per cent over the past year. The annual pace of CPI inflation was lower, but this reflected two very low quarterly results nearly a year ago, as well as recent changes to the treatment of child care costs. By the March quarter of…

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Malcolm Farnsworth
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