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Finance

BREAKING NEWS: RBA lifts interest rate by 25 basis points to 3.5%

The Reserve Bank of Australia has decided to raise the official interest rate by 25 basis points to 3.5%. Governor Glenn Stevens said in a statement the decision was based on the recent trends of economic growth, with expansion occurring
Patrick Stafford
Patrick Stafford
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The Reserve Bank of Australia has decided to raise the official interest rate by 25 basis points to 3.5%.

Governor Glenn Stevens said in a statement the decision was based on the recent trends of economic growth, with expansion occurring

About the author

Patrick Stafford

Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.

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