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Reserve Bank lifts interest rates to highest level in a decade

Deborah Knight
Article image for Reserve Bank lifts interest rates to highest level in a decade

Interest rates have risen for the eight month in a row to their highest level in a decade.

RBA governor Philip Lowe said the bank’s board decided to raise interest rates by a quarter of a percentage point to 3.1 per cent as it works to bring inflation under control.

Scott Phillips from The Motley Fool joins Deborah Knight to break the news.

Press PLAY below to hear the full interview

Photo: Getty

 

Deborah Knight
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