7NEWS Australia published this video item, entitled “Australia’s Reserve Bank increases rates, an 11½ -year high of 4.10% | 7NEWS” – below is their description.
The Reserve Bank has lifted interest rates for a 12th time in just over a year, inflicting more pain on mortgage holders. The 25-basis points hike brings the cash rate to 4.1 percent – its highest level in 11 years.
The RBA board believes the risk of inflation staying stubbornly high.
More Details: 7news.link/3qvi7UA
7NEWS Australia YouTube Channel
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