HomeGeneral NewsBlow to borrowers with about-face interest rate hike

Blow to borrowers with about-face interest rate hike

February 3, 2026

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RBA governor Michele Bullock and her board have decided to lift the cash rate.

By Jacob Shteyman in Canberra

The Reserve Bank has delivered a blow to borrowers with an interest rate hike, becoming the first major central bank to go from cuts to rises after the post-covid inflation…

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