Reserve Bank kicks off rate rises with 25-basis-point move, more likely to come

The Reserve Bank has increased interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent.

The move came as little surprise to financial traders, who had priced in around a two-thirds probability of the RBA raising rates this month.

There’s nothing like a rate increase to get the attention of voters with mortgages. I wonder if there will be much of a shift in ‘undecided’ voters in the next polls 🤔

So for all the cuts over the last 11 years that where not passed onto customers in full by the banks, they will now do the same any only increase part of the rate rise correct - attempted rate rise humour - 😜

Anyone with student debt should also get ready for compulsory repayments to rise. auspoI auspoll2022

On ABC RN an antivaxer UAP voter offered 'You can't trust medical scientists they are part of the globalist conspiracy.' Then when asked about how the UAP 3% max interest rate would work said 'Don't ask me I'm not a banker' FFS They don't trust Doctors but trusts bankers

want to see me without a bra?

Keep it up. About time we had some money to live on

With the 0.25% increase in interest rates, Sportsbet immediately shortened the ALP odds on an election win from $1.38 to $1.34. Coalition win moved from $3.00 to $3.15. Election2022 auspoll2022 Auspol

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