Reserve Bank interest rates decision to lift cash rate by 50 points to 1.85%

Doug Dingwall
Updated August 2 2022 - 6:10pm, first published 2:30pm

The Reserve Bank has lifted the official cash rate by 50 basis points to 1.85 per cent as the federal government admits mortgage holders face a "difficult day" bracing for more increases to their repayments.

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Doug Dingwall

Doug Dingwall

Parliamentary bureau chief

Doug Dingwall is The Canberra Times' parliamentary bureau chief. He writes about government and federal politics, and has an interest in integrity, industrial relations and foreign affairs. Previously he worked at The Examiner in Launceston, where he won a Tasmanian Human Rights Award for his reporting. Contact him on

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