RBA cash rate increased in March 2024 as the Reserve Bank of Australia raises the official cash rate to manage inflation

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the tenth consecutive time, this time by 0.25% to 3.60%.

Despite a slightly lower inflation figure of 7.4% in January, stronger than expected January retail sales have encouraged the RBA to remain on the increase path.

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