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ABC News

Business

business reporters Michael Janda and Emilia Terzon

Reserve Bank opts for standard 25-basis-point interest rate hike as first in likely string of rises

Reserve Bank Interest Rates

The Reserve Bank has raised its official cash rate target for the first time since November 2010. (ABC News: Alistair Kroie/John Gunn)

The Reserve Bank has increased interest rates for the first time in more than 11 years, with a 25-basis-point hike taking the cash rate target to 0.35 per cent.

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Mississippi Cop Who Shot 1-Year-Old Kohen Wiley Resigns After State Calls Shooting 'Justified'

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One subscription that gives you access to news from hundreds of sites

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