In the past week, the much anticipated rate hike materialised, and as expected there was an increase of 25 basis-points taking the offical cash rate to 0.35%. This is the highest since the start of the pandemic in March 2020, when the cash rate was sitting at 0.5%, before quick rate-cuts in succession brought it to a standstill 0.1% for the past 24 months. (more…)