The Reserve Bank of Australia has put the country ahead of the pack by raising interest rates early, a move that has bolstered the Australian dollar and could save home owners money in the long run.
After the central bank raised the cash rate to 4.1 per cent on Tuesday – the second consecutive increase this year – the local currency climbed back above US71¢ overnight, emboldened by RBA governor Michele Bullock’s tough talk on inflation.
