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

By Karen Barlow, Gerard Cockburn
May 3 2022 - 7:02am
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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