RBA Monetary policy Announcement - May 2023
RBA Monetary policy Announcement*
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.
With additional interest rate increases forecast over 2023, now is a good time to consider your refinancing options. Find out today.
* Extract from the RBA: media release 02/05/2023