RBA Increases Interest Rates: Highest Level Since 1996 |
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Written by Marc Pallisco
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Tuesday, 05 February 2008 |
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The Reserve Bank of Australia (RBA) announced today that the Official Cash Rate will increase 25 basis points to 7 per cent.
Interest rates are at their highest level now since 1996.
The next RBA meeting is on March 4th, with the decision to be announced on March 5th.
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