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AAP

Business

Poppy Johnston

RBA lifts cash rate by 25 basis points

Interest Rates RBA RateCity

The RBA's rate hike of 25 basis points came as a surprise to the many expecting a steeper rise. (Dan Himbrechts/AAP PHOTOS) (AAP)

The central bank has slowed the pace of rate hikes, lifting the official cash rate by 25 basis points despite expectations of another 50 basis point jump.

The 0.25 percentage point lift is the sixth rate hike in a row and brings the cash rate to 2.6 per cent.

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