Specialists foresee RBA financing cost choice today will lift cash rate to 1.85%, denoting a 175-premise point increment since May
Simply IN: RBA financing costs: Reserve Bank lifts official money rate by 50 premise focuses to 1.85%
Australia news live updates: RBA loan cost declaration today
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The Reserve Bank of Australia
The Reserve Bank of Australia is broadly anticipated to lift the authority cash rate to 1.85% on Tuesday, to check proceeded with expansion. The RBA loan fee choice will be reported at 2.30pm today. Photo: Dean Lewins/AAP
Peter Hannam
Mon 1 Aug 2022 18.30 BST
Australia's true loan fees are everything except sure to be lifted on Tuesday with the normal half-rate point increment denoting the Reserve Bank's most honed fixing stage starting around 1994.
A review by Bloomberg News found 28 of 30 respondents foresee the RBA board will lift the money rate from 1.35% to 1.85% at its month to month meeting. That move would stamp a 175-premise point expansion in the rate since it started climbing in May.
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