On the back of recent concerning data around inflation, the Reserve Bank of Australia (RBA) increased the cash rate from 4.10% to 4.35%.
The decision was in line with market expectations, given that the RBA recently said it would “not hesitate to raise the cash rate further if there is a material upward revision to the outlook for inflation”.
With the interest rate picture looking uncertain, it can help to talk to an expert. Contact me if you’d like to discuss your situation and options.
