Michele Bullock

Stories

RBA raises cash rate to 15-year high, signals more hikes ahead

Refused to rule out a fifth rate hike

The Reserve Bank of Australia raised its benchmark cash rate to 4.60 percent on September 29, the highest level in 15 years. The quarter-point increase adds about $91 a month to repayments on a typical $600,000 mortgage.

Updated 2 hours ago

Notable Quotes

We raised interest rates three times earlier in the year. A lot of that effect is still to flow through. This is one more.

from RBA raises cash rate to 15-year high, signals more hikes ahead · Updated 2 hours ago

Will it be enough? I don't know, I'm not going to give you forward guidance.

from RBA raises cash rate to 15-year high, signals more hikes ahead · Updated 2 hours ago