Yep, the Reserve Bank confirmed another 0.25% rate rise after its board meeting yesterday. The 10th consecutive hike brings the official cash rate to an 11-year high of 3.6%. For those on a $604,000 mortgage (to be exact…), that adds an extra $100 to your monthly repayments – up by $1,190 since rates started going up last May. Governor Philip Lowe also flagged there’s more hip pocket pain to come… He says although inflation appears to have peaked, prices for goods and services remain high, and economists have reported a noticeable reduction in consumer spending in recent weeks. Some big companies are feeling the pinch too – Aussie software giant Atlassian is the latest tech company to face the global economic headwinds, shedding 500 employees (including 120 in Oz), amounting to 5% of its workforce. But the company said it isn’t in dire straits – it’s “rebalancing” its priorities.