Ruby Financial Services

🚨 RBA RATE RISE TODAY 🚨

The Reserve Bank has lifted the cash rate by 0.25% to 4.35%.

Why?
Inflation is picking up again — driven by:
• Rising fuel and commodity prices (Middle East conflict)
• Ongoing cost pressures on businesses
• Early signs of price increases flowing through the economy

The RBA expects inflation to peak higher than previously forecast before easing as higher rates slow demand.

There’s also growing uncertainty:
➡️ If global tensions continue, inflation could stay higher for longer
➡️ But at the same time, economic growth could slow

Bottom line — the RBA is acting early to keep inflation under control, but the outlook remains uncertain.