Interest rates decision: Reserve Bank lifts the official cash rate from 0.1% to 0.35%

Gerard Cockburn
Karen Barlow
By Gerard Cockburn, and Karen Barlow
Updated May 3 2022 - 9:10am, first published 4:30am
Scott Morrison and Anthony Albanese. Pictures: James Croucher, Sitthixay Ditthavong

In a momentous decision, particularly during a federal election campaign, the Reserve Bank Board has announced the first rate rise in 11 years and warned there are more to come.

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Gerard Cockburn

Gerard Cockburn

Economics Reporter

Karen Barlow

Karen Barlow

Chief Political Correspondent

Karen Barlow is ACM's Chief Political Correspondent. Working in the federal press gallery, she investigates and writes about federal politics and government. She has an interest in integrity, leadership and social equity. She has covered two Olympics and been to Antarctica twice. Contact her on karen.barlow@canberratimes.com.au

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