RBA interest rates: Reserve Bank raises official cash rate to 4.1% in blow to mortgage holders
Reserve Bank of Australia’s second consecutive increase lifts cash rate target to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has increased interest rates amid a global energy...
<p>Reserve Bank of Australia’s second consecutive increase lifts cash rate target to where it was in February last year</p><ul><li><p><a href="https://www.theguardian.com/australia-news/live/2026/mar/17/bowen-rba-interest-rates-decision-cost-of-living-inflation-fuel-price-shortages-petrol-jim-chalmers-economy-war-iran-anthony-albanese-ntwnfb">Follow our Australia news live blog for latest updates</a></p></li><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>The Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5%.</p><p>The hike takes the RBA’s cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year.</p> <a href="https://www.theguardian.com/australia-news/2026/mar/17/rba-interest-rate-australia-increase-fuel-petrol-prices">Continue reading...</a>
Read the full article at:
The Guardian World →