Interest Rates are Up Again

Last week as many predicted, the Reserve Bank of Australia lifted its cash rate of 4.0 per cent to 4.25 per cent.

 

While this news isn’t exactly pleasant to hear, it is inevitable if the RBA is to try and control Australia’s current rate of economic expansion.

 

More interest rate rises are expected in the future but it’s just a matter of how long until the next one (let’s hope that we get a bit of a break first at least).

 

If you want to read more about the recent interest rate hikes then click here.