RBA lifts interest rates for eighth month in a row
The official cash rate has crashed through the three per cent barrier, with the Reserve Bank of Australia announcing another 0.25 per cent interest rate hike.
The RBA's 2022 successive rate hikes have been the fastest on record. (Image source: Shutterstock.com)
The Reserve Bank of Australia (RBA) has used its final policy meeting of the year to deliver an interest rate hike of 0.25 per cent.
Australian mortgage holders have been dealt an eighth consecutive rate increase, taking the official cash rate to 3.10 per cent and adding hundreds of dollars a month to millions of household mortgages.
The decision was widely anticipated but that will offer little solace to hard-hit homeowners.
Aussies with a $…
