February 2023

Only the brave would back a February rate pause, with the major banks all expecting the central bank to hike by at least a 25-bp jump this month.

Australia’s central bank has confirmed a cash rate hike to start 2023, as sundry economists had expected.

Home loan and savings rates continue being adjusted after the latest 25-bp cash rate rise, non-major banks have announced.

Only a cash rate hike to start 2023 was considered, the central bank’s monetary policy minutes have revealed.