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RBA cash rate for November raised to 2.85%

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the seventh consecutive month, this time by 0.25% to 2.85%.

Today’s increase follows higher than anticipated September quarter Consumer Price Index (CPI) figures as the RBA continues to battle inflation.

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.