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RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders

todayFebruary 3, 2026

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Shortest rate-cutting cycle in the RBA’s modern history ends after unexpected jump in inflation

The Reserve Bank has hiked rates for the first time in over two years, with mortgage holders to bear the brunt of dealing with an unexpected jump in inflation through the second half of 2025.

The RBA monetary policy board at the end of its two-day meeting announced the cash rate target would lift to 3.85%, from 3.6%.

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Source: www.theguardian.com

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Written by: truelightfm

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