RBA Lifts Interest Rates 0.25 Per Cent, to 3.25 Per Cent

The Reserve Bank of Australia lifted official interest rates by 25 basis points today, to 3.25 per cent.

The move will add about $40 to the average monthly payment, of a $300,000 mortgage.

The RBA meets next on the afternoon of November 3 (Melbourne Cup Day) 2009.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.