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SBS Punjabi Australia News: Tuesday 1 November 2022
Pedestrians walk past the Reserve Bank of Australia (RBA) head office in Sydney, Tuesday, November 1, 2022. Source: AAP / BIANCA DE MARCHI/AAPIMAGE
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Interest rates have been lifted for a seventh consecutive month in Australia. The Reserve Bank has lifted the cash rate by 0.25 percentage points to 2.85 per cent, the highest it's been since May 2013. The Reserve Bank is also revising the inflation peak for this year, warning there are likely to be many more increases to come. Presenting the major national and international news stories of today; sports, currency exchange details and the weather forecast for tomorrow.
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