Reserve Bank of Australia

Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.
May 2, 2023 •
🔗 rba.gov.au

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