The RBA's Approach to Inflation and Interest Rates: A Squeeze on Australian Households
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#aac29bac ver:0.24

The RBA's tightening of interest rates is squeezing Australian households, with the sharpest impact on mortgage holders in 30 years. The objective is to control rising prices, but inflation remains a concern. The RBA has decided to keep the current interest rate unchanged, but risks surrounding inflation have increased. Weak economic growth and decreased savings have resulted from the squeeze. The possibility of rate cuts is uncertain, and the chance of further rate hikes is growing. #RBA #inflation #interestrates #economy...

#newstr #Rba #Inflation #InterestRates #AustralianEconomy #RateHikes 

 https://here.news/story/aac29bac?ver=0.24