Reserve Bank pulls the interest rate trigger | The Business | ABC News

Reserve Bank pulls the interest rate trigger | The Business | ABC News

Share This Content
The Reserve Bank increased interest rates for the first time in more than 11 years, with a 25-basis-point hike to 0.35 per cent. The rate increase could see many homeowners cut back in spending as their repayments rise.

Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3kAk9wm

ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more business stories on iview: https://iview.abc.net.au/show/business

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on Twitter: http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia