Reserve Bank of Australia raises rates for third consecutive meeting, lifting them to early-2025 levels Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Use our loan calculator to see how rate hikes could affect you The Reserve Bank has delivered a third straight interest rate hike to contain growing inflationary pressures linked to higher fuel prices, even as it warned the Iranian war would deliver a major blow to the economy. The widely expected decision to lift the cash rate to 4.35%, from 4.1%, comes as the central bank revealed a gloomy new set of forecasts that showed intensifying cost of living pressures alongside weaker growth. Continue reading...