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RBA cash rate for December raised to 3.10%

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the eighth consecutive month, this time by 0.25% to 3.10%.

Today’s increase follows speculation that rates may be starting to approach their peak with falling house prices in some capital cities, decreasing demand for credit and lower October inflation numbers.

If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.