October 2022 Interest Rate Rise


The Reserve Bank of Australia increased its Cash Interest rates from 2.35% to 2.6%, on 4th October 2022.

Although this is the highest since 2014, it is not near the 17.5% in January 1990.

Between 1990 and September 2022 the average rate had been 3.93%.

The New Zealand cash rate is currently 3.0%. rbnz.govt.nz Next update 5 Oct 2022.

The rate in Canada is currently 3.25% www.bankofcanada.ca Next update 26 Oct 2022.

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