Priority Finance Group

At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent. It also increased the interest rate on Exchange Settlement balances by 50 basis points to 1.75 per cent.

Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to increase the cash rate target by 50 basis points to 1.85 per cent.

Earlier today Governor Philip Lowe spoke about how monetary policy is responding to the higher inflation. Read the speech: https://bit.ly/3y8JLrU