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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.

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
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RBA hikes rates to 4.35% as the inflation fight continues
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