RBA cash rate for February increased to 3.35%

Reserve Bank of Australia

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the ninth consecutive time, this time by 0.25% to 3.35%.

Following a higher than expected inflation rate of 7.8% in December, the RBA continues to attempt to rein in inflation with this latest increase.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

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