The new cash rate is 1.35 per cent

July 5, 2022

The Reserve Bank of Australia (RBA) has lifted the cash rate by 0.50 percentage points.

It means the cash rate target is now 1.35 per cent, up from 0.85 per cent last month.

This follows interest rate increases in both May and June when the RBA lifted rates by 25 basis points and 50 basis points, respectively.

If you have questions in relation to the above, or any other matters, please do not hesitate to contact our office on 1300 620 345.

Posted in: Advice

Some of the Avance Chartered Accountants personnel involved in preparing this webpage may be members of a professional scheme approved under Professional Standards Legislation such that their occupational liability is limited under that Legislation. To the extent that applies, the following disclaimer applies to them. If you have any questions about the applicability of Professional Standards Legislation to Avance's personnel involved in preparing this webpage, please contact our office info@avance.com.au. Liability limited by a scheme approved under Professional Standards.