RBA cash rate for November raised to 2.85%
November 01, 2022
The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the seventh consecutive month, this time by 0.25% to 2.85%.
Today’s increase follows higher than anticipated September quarter Consumer Price Index (CPI) figures as the RBA continues to battle inflation.
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.
Any advice contained in this article is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters. Information in this article is correct as of the date of publication and is subject to change.
Need a home loan?
Whatever your circumstances, we will look for a loan that’s right for you, not the lender. Send through a quick enquiry and we will be in touch.
Customised business and personal financial solutions in Melbourne and South-East Queensland – we listen, we structure, we deliver.
RESOURCES
Get In Touch
- 0421 757 917
- L38, 71 Eagle Street
- Brisbane, QLD 4000
- ABN: 95 877 483 258