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Name: The Reserve Bank raises interest rates for the 12th time since May last year
Uploaded: 2023-06-06T09:43:09.155Z
Duration: 2 min 24 s
Description: The Reserve Bank has again raised interest rates, blaming high inflation which it says is eroding savings and hurting family budgets. It has raised the cash rate by a quarter of a per cent to 4.1 per cent.

The Reserve Bank raises interest rates for the 12th time since May last year

Published 6 June 2023, 9:22 am

The Reserve Bank has again raised interest rates, blaming high inflation which it says is eroding savings and hurting family budgets. It has raised the cash rate by a quarter of a per cent to 4.1 per cent.