The Reserve Bank of Australia (RBA) met on the 8th of February 2023 to determine the Cash Rate for unsecured overnight loans for banks which impact the interest rates that are passed onto the mortgage home loans for Australians.

RBA increased the cash rate from 3.10% to 3.35% the ninth consecutive increase since May 2022.

THE EXPATRIATE specialists are predicting that we are likely to see a few more interest rate increases between now and June 2023.

To stay updated, here is a link to the RBA Calendar.

The next Reserve Bank Board Meeting – Interest Rate Decision is on the 7th of March 2023.