Reserve Bank lifts rate to 1.35 per cent

The move was widely expected and follows on from last month when it was also lifted by 0.5 per cent to 0.85 per cent – its biggest rise since February 2000.

Stream more on politics with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022 In a statement, Governor Philip Lowe cited global inflation"boosted" by COVID-related disruptions to supply chains, the war in Ukraine and strong demand as key reasons for the hike.

"Global factors account for much of the increase in inflation in Australia, but domestic factors are also playing a role.

10% inflation within 12 months, welcome to the liberal world order

meh , I have zero debt

RBA moved to late so now have to go hard. Sack them all

Only 1/3 of households have a mortgage, 1/3 are renting and the rest are cheering due to higher interest rates.

We have to pay more for government mismanagement as usual

The people who the reserve listen to are doing well. It now is clear that they are out of touch with reality of wage earners and small business. It really seems like a 'let them eat cake' attitude prevails.

That's nothing to what I was paying during the eighties 17.5.

How does this bloke still have a job?

Many knew this was coming!

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‘Big expectation’ RBA will hike interest rate by 50 basis points to 1.35 per cent
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