▶youtube BusinessBanking first seen 1 d ago, last 27 min ago, peak #4
RBA raises cash rate to 4.6% as Bullock explains decision
Original: RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6%
The Reserve Bank of Australia has lifted the cash rate to 4.6%, with governor Michele Bullock publicly explaining the board's reasoning. The move means higher borrowing costs for Australian households and businesses, and Bullock's comments on inflation and the outlook are being closely watched by markets, homeowners and commentators for signs of what the central bank may do next.
Why now: The rate rise directly affects mortgages and living costs, making the RBA's explanation immediately relevant to the public.
Reserve Bank of AustraliaMichele Bullock
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- RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% · youtube · 205K
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