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RBA lifts 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 raised the cash rate to 4.6%, with governor Michele Bullock setting out the board's reasoning for the move. The increase affects mortgage and borrowing costs for households and businesses across Australia, and Bullock's public explanation is drawing wide attention as borrowers weigh the impact on repayments and the bank's outlook on inflation.
Why now: The RBA's surprise rate rise directly affects mortgage costs and inflation expectations, making the governor's explanation closely watched.
Reserve Bank of AustraliaMichele Bullock
Evidence
- RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% · youtube · 205.3K
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