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Reserve Bank of Australia increases cash rate to 2.6 percent

Author
Newstalk ZB,
Publish Date
Tue, 4 Oct 2022, 5:27pm
Picture: AAP Image/Joel Carrett
Picture: AAP Image/Joel Carrett

Reserve Bank of Australia increases cash rate to 2.6 percent

Author
Newstalk ZB,
Publish Date
Tue, 4 Oct 2022, 5:27pm

The Reserve Bank of Australia has released information about their latest increase- the cash rate has now risen to 2.6 percent. 

Australian correspondent Murray Olds is here to explain what this new increase explains for Australians, especially middle-class income earners, who will be hit the hardest.

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