What rate did the Reserve Bank of Australia (RBA) increase to in March 2008?

In March 2008, the Reserve Bank of Australia increased the cash rate to 7.25%. This decision was made in response to growing concerns about inflationary pressures in the economy, as various factors such as rising commodity prices, strong domestic demand, and increasing global economic uncertainties were contributing to a need for stricter monetary policy. By raising the cash rate, the RBA aimed to curb inflation and stabilize the economy.

This rate hike was significant, reflecting the central bank's commitment to maintaining price stability and the importance of managing economic growth in a challenging global context. The decision was part of a series of adjustments that the RBA made during that period to respond to evolving economic conditions.

The other rates listed do not align with the actions of the RBA at that time. Thus, 7.25% is the accurate figure reflecting the cash rate increase made in March 2008.