RBA cash rate for June increased to 4.10%
Following a surprise increase last month, the Reserve Bank of Australia (RBA) today again decided to increase the official cash rate by 0.25%.
The decision to lift the official cash rate to 4.10% was promoted by the April Consumer Price Index increasing from 6.3% to 6.8% and concerns around the signaling effect of Friday’s announcement by the Fair Work Commission of a 5.75% boost to the minimum wage.
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