The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the ninth consecutive time, this time by 0.25% to 3.35%.
Following a higher than expected inflation rate of 7.8% in December, the RBA continues to attempt to rein in inflation with this latest increase.
If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.
