February Interest Rates Up 0.25%

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.

Unfortunately, it seems like interest rates will continue to rise although out 2023 until the RBA can contain inflation.

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