The Reserve Bank of Australia (RBA) announced a 25 basis point increase on Tuesday, lifting interest rates to 3.60 per cent — their highest level since May 2012…
Following its decision to lift rates by a widely unexpected 50 basis points (bps) in June, the Reserve Bank of Australia (RBA) passed another 50-bp rate hike on Tuesday, taking the official cash rate from 0.85 per cent to 1.35 per cent.