What's going on with Australia's interest rate?

Pedestrians walk past the Reserve Bank of Australia in Sydney. The RBA has lifted the official interest rate by 50 basis points to 2.35%. Photograph: Brendon Thorne/Getty Images

Why has Australia's Reserve Bank lifted its cash rate?

RBA interest rates: Australia’s Reserve Bank has lifted the cash rate for the sixth time in as many months to 2.6%. Photograph: Darren England/AAP Australia’s Reserve Bank has lifted its key interest rate for the sixth time in as many months as the central bank seeks to stifle inflation before it rises to levels dogging economies elsewhere.

How much will RBA raise interest rates on a 25-year home loan?

(ABC News: Michael Janda) The Reserve Bank of Australia (RBA) lifts interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent. Its 0.25 of a percentage point rise in rates will add around $75 a month to repayments on a 25-year, $500,000 home loan

How much will Australia's cash rate rise add to a loan?

If passed on in full by the banks, the rate rise will add $133 a month on a loan worth $500,000 over 25 years, and $265 a month on a loan worth $1 million. In early May, the RBA lifted Australia's official cash rate by 25 basis points to 0.35 per cent from 0.1 per cent.