08-08-2007 RBA hike to result in increased borrowing costs The Reserve Bank of Australian raised the discount rate by 25bp to 6.50%, to contain inflationary pressures. As many analysts expected, The Reserve Bank of Australian raised the discount rate…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #bank#inflation#interest#interest rate#interest rates