April 2022 RBA Announcement

As expected, the Reserve Bank of Australia kept the cash rate on hold at its April board meeting, with few commentators expecting a rate hike ahead of the federal election.

But with inflation increasing, it’s possible the Reserve Bank will start increasing the cash rate later this year, from its current record-low level of 0.10%.

The last time the Reserve Bank increased official interest rates was in 2010.

Regards,

Declan Hanratty

0409 089 456