RBA chief says cash is becoming a `niche payment instrument `

RBA chief says cash is becoming a 'niche payment instrument'

Reserve Bank of Australia governor Philip Lowe has painted a picture of a near-future society in which physical cash is a niche payment instrument reserved only for emergencies.

Reserve Bank Of Australia Considers Pausing Rate Rises In April To Consider Impact

The Reserve Bank of Australia is considering pausing rate hikes in April as it looks at the impact of the previous increases.

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Market reaction to RBA’s cash rate decision was ‘astonishing’

Sky News Business Editor Ross Greenwood says the market reaction to the RBA’s decision to lift interest rates for the sixth consecutive month was “astonishing”.

The Reserve Bank lifted the official cash rate by 25 basis points to 2.60 per cent on Tuesday.

“It was a surprise, there is no doubt,” Mr Greenwood told Sky News host Peta Credlin.

How does the RBA cash rate effect my home loan rates?

RBA Raises Cash Rate Target 25 Basis Points to 2.85%

Australia’s central bank raised interest rates by a quarter-percentage point and signaled further tightening to come as it combats escalating inflation. Kathleen Hays reports on Bloomberg Television.
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