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What is the cash rate and how does it affect you?

The board of the Reserve Bank of Australia currently meets eight times a year, and after each of these meetings, announces whether the official cash rate will remain the same or move up or down, and this announcement has important ramifications for banks, lenders and everyday Aussies. So what exactly is the cash rate, how does it work, and how can it affect you?

Written by
Alasdair Duncan
Alasdair Duncan Senior Finance Journalist
Senior Finance Journalist
calendar 19 Mar 2024
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