NewsBite

PoliticsNow: Resilient economy forced rate rise, RBA chief Phillip Lowe says

The Commonwealth Bank has become the first major institution to increase rates after the first cash rate hike, from 0.1 to 0.35 per cent, in 12 years.

Patrick Commins, Sarah Ison and Joe Kelly
less than 2 min read
5:22AMMay 03, 2022.
Updated 8:28PMMay 03, 2022
Print
The Reserve Bank of Australia was expected to lift interest rates for the first time since November 2010. (Photo by Brook Mitchell/Getty Images Picture: Getty Images
The Reserve Bank of Australia was expected to lift interest rates for the first time since November 2010. (Photo by Brook Mitchell/Getty Images Picture: Getty Images

Welcome to PoliticsNow, our live coverage of the latest headlines from the Federal Election 2022 campaign trail.

Read related topics:Anthony AlbaneseCommonwealth Bank Of AustraliaJosh FrydenbergScott Morrison

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

More related stories

Original URL: https://www.theaustralian.com.au/nation/politics/politicsnow-sea-shepherdwearing-vandals-target-frydenberg-signs/live-coverage/0be3e69b2ea2286c1f87053b98053fdb