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RBA increases cash rate to 1.85% (Read 272 times)

Lisa Jones

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RBA increases cash rate to 1.85%
Aug 2^nd, 2022 at 3:37pm

In a widely-anticipated move, the Reserve Bank of Australia (RBA) increased the cash rate at today’s board meeting, from 1.35% to 1.85%.

This is the fourth month in a row that the RBA has increased the cash rate. Future rate rises are all but certain, possibly as early as September.

Bottom line: Expect more pain if you're over committed because inflation is also rising and it's heading towards 9%.

If I let myself be bought then I am no longer free.

HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415)

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Bobby. Gold Member Offline Australian Politics Posts: 118822 Melbourne Gender:	Re: RBA increases cash rate to 1.85% Reply #1 - Aug 2^nd, 2022 at 3:56pm Luckily I don't have a mortgage.
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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: RBA increases cash rate to 1.85% Reply #2 - Aug 2^nd, 2022 at 5:50pm Bobby. wrote on Aug 2^nd, 2022 at 3:56pm: Luckily I don't have a mortgage. yes, you're very lucky to be homeless
Back to top	Our esteemed leader: I hope that bitch who was running their brothels for them gets raped with a cactus. IP Logged

Bobby. Gold Member Offline Australian Politics Posts: 118822 Melbourne Gender:	Re: RBA increases cash rate to 1.85% Reply #3 - Aug 2^nd, 2022 at 6:02pm John Smith wrote on Aug 2^nd, 2022 at 5:50pm: Bobby. wrote on Aug 2^nd, 2022 at 3:56pm: Luckily I don't have a mortgage. yes, you're very lucky to be homeless Yeah right - I'm living under a bridge.
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John Smith

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Re: RBA increases cash rate to 1.85%
Reply #4 - Aug 2^nd, 2022 at 7:03pm

Bobby. wrote on Aug 2^nd, 2022 at 6:02pm:

John Smith wrote on Aug 2^nd, 2022 at 5:50pm:

Bobby. wrote on Aug 2^nd, 2022 at 3:56pm:

Luckily I don't have a mortgage.

yes, you're very lucky to be homeless Roll Eyes

Yeah right - I'm living under a bridge. Roll Eyes

I thought it was the public toilet but now that you mention it, I can see you living under a bridge

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Lisa Jones Gold Member Offline Australian Politics Posts: 39047 Sydney Gender:	Re: RBA increases cash rate to 1.85% Reply #5 - Aug 2^nd, 2022 at 9:03pm Bobby. wrote on Aug 2^nd, 2022 at 3:56pm: Luckily I don't have a mortgage. Rents are going up too. Along with inflation.
Back to top	If I let myself be bought then I am no longer free. HYPATIA - Greek philosopher, mathematician and astronomer (370 - 415) IP Logged

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