Surprise rate rise ahead of Federal Budget

RBA REVIEW

Reserve Bank of Australia headquarters in Sydney Source: AAP / FLAVIO BRANCALEONE/AAPIMAGE

SBS News In Depth
View Podcast Series

Get the SBS Audio app

Other ways to listen

In a move that has taken markets by surprise, the Reserve Bank has lifted interest rates again after a month-long pause. The Bank has lifted rates by 25 basis points to 3.85 per cent, making Australia's interest rates the highest they have been for 11 years, while still at a relatively low level.

Listen to Australian and world news, and follow trending topics with
SBS News Podcasts.
Share

Latest podcast episodes

The Israeli Declaration of Independence.
Wall St sees gains after tariffs relaxed (Getty)
Kurds wave flags and pictures of Kurdistan Workers' Party leader Abdullah Ocalan (AAP)
OTM - NY Stock Exchange, Wall St (AAP).jpg

Recommended for you

A man wearing a suit and tie points his index finger at a press conference
A stylised image of Peter Dutton with black-and-white photos of him alongside other leaders and workers in the background.
A crowd of people clapping, many holding up yellow signs that say 'Vote 1 Trumpet of Patriots'.
Senator Jacqui Lambie at a press conference at Parliament House in Canberra
The Great Hall in Parliament House with a person walking through it.
Adam Bandt speaking into a microphone in a room with green lighting.
A split image. On the left are tradespeople on the roof of a home that is under construction. In the middle is Prime Minister Anthony Albanese, wearing a suit, tie and glasses, speaking while standing at a lectern. On the right is a woman opening her wallet in which there is $50, $20, and $10 notes.
A split image showing two groups of demonstrators, a pro-Pakistani group on the left and pro-Indian group on the right. Each bear the flags of their respective nations.