Money magazine Comments - Reserve Bank lifts cash rate to 3.85% at May 2023 meeting After a month's reprieve the Reserve Bank Board has returned to rate-hiking mode, lifting interest rates by 25 basis points to 3.85% at its May meeting. https://www.moneymag.com.au/feed/latest?story=179799454 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Reserve Bank lifts cash rate to 3.85% at May 2023 meeting https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png