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

Doug Dingwall
By Doug Dingwall
Updated August 2 2022 - 8:10am, first published 4:30am

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

Public Service Editor

Doug Dingwall is The Canberra Times' Public Service Editor. He writes about government and federal politics, and edits The Public Sector Informant. He has an interest in integrity and industrial relations. Previously he worked at The Examiner in Launceston, where he won a Tasmanian Human Rights Award in 2016 for his reporting. Contact him on doug.dingwall@canberratimes.com.au

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