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ABC News (Australia)

ABC News (Australia)

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RBA hikes interest rates in monetary policy U-turn | ABC NEWS

Video Overview & Insights

The Reserve Bank has lifted interest rates by 0.25 percentage points, as had been widely forecast. The new cash rate is 3.85 per cent, up from 3.6 per cent.

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EY Economist says the Reserve Bank had no choice but to raise the cash rate with an unusual set of economic conditions over the past six months.

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RBA is so coward, should increase 1% straight way. increase .25 is a lure.

— @澳贼

Read more here: https://www.abc.net.au/news/2026-02-03/reserve-bank-lifts-interest-rates-february-2026/106298696

ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

The head of the RBA is a ditherer and should step down. Typical government worker, no ability and desire to perform.I can’t believe that such incompetence commands such a high salary. She is completely immune from interest rate hikes.
No confidence in the RBA. AMATUERS!

— @bluntinstrument6070

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