The Reserve Bank of Australia (RBA) raised the official interest rate with a 0.5 percentage point rise to 1.35%. The move is in response to curb strengthening inflation. In his commentary of the RBA’s latest move, Peter Esho, co-founder at Wealthi said, “Today's 50 basis points rate rise was in line with expectations and with quarterly inflation numbers. There is a case for more rises coming in July and August. We're of the view that the cash rate will rise to around 2-2.25% by the end of the year.”
Rates are going up. What's next?
Rates are going up. What's next?
Rates are going up. What's next?
The Reserve Bank of Australia (RBA) raised the official interest rate with a 0.5 percentage point rise to 1.35%. The move is in response to curb strengthening inflation. In his commentary of the RBA’s latest move, Peter Esho, co-founder at Wealthi said, “Today's 50 basis points rate rise was in line with expectations and with quarterly inflation numbers. There is a case for more rises coming in July and August. We're of the view that the cash rate will rise to around 2-2.25% by the end of the year.”