Interest rates Australia

The Reserve Bank of Australia will decide whether to increase interest rates, Kooyong MP Monique Ryan and her chief-of-staff Sally Rugg return to court and ...

On a $604,000 mortgage, today’s increase will add almost $100 to monthly repayments. The bank is in the midst of its most aggressive tightening of monetary policy since it started targeting the inflation rate in the early 1990s. The Reserve Bank has lifted interest rates to an 11-year high of 3.6 per cent as it battles to bring inflation under control.