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RBA hikes rates to 4.35% as the inflation fight continues

Already a discernible difference in new governor Michele Bullock's communication.

The RBA forecasts inflation won't be back inside the 2-3% target range until late 2025.

© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

The longer than expected battle to bring inflation under control has prompted the Reserve Bank of Australia to raise official interest rates by 25bps to 4.35% today.

The rate hike, which had been widely anticipated after third quarter inflation came in at a higher 5.4%, is the first since June but

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Lachlan Colquhoun Tue, 07 Nov 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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RBA hikes rates to 4.35% as the inflation fight continues
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