Reserve Bank of Australia

Rule Changes

Cash rate 4.85% after the November 3 hike, the highest since 2008; the board says it will raise rates further if needed

The Reserve Bank of Australia raised its benchmark cash rate by a quarter point to 4.85% on November 3, the fifth increase this year and the highest level since 2008. The bank cited persistent inflation and rising energy costs linked to the Iran war.

Updated Nov 3

Money Moves

Raised the cash rate to 4.6% in September; markets expect another hike on November 3

Australian home values fell again in October, the seventh straight monthly decline. After the September drop, values were 5.2% below March's peak, and sales volumes over the past three months were down 19% from a year earlier.

Updated Nov 2

Rule Changes

Conducted the review that led to the ban

Businesses have not been able to add a card surcharge since 1 October, when the ban took effect for Visa, Mastercard, eftpos and American Express. Some are recovering the cost through prices instead: coffee tracker Small Flat White found 17 per cent of cafes have raised prices since the ban began, by an average of 50 cents.

Updated Oct 21