RBA Faces Dilemma as Recession Deepens and Interest Rate Hike Risks Loom
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#c0f71ab7 ver:0.99

The Reserve Bank of Australia (RBA) faces a dilemma as recession deepens and interest rate hike risks loom. Hiking rates could push the country into a recession, with odds estimated at 50-60%. The RBA is cautious and will consider upcoming data before making any decisions. UBS predicts a rate hike in August and a positive long-term trend for the Australian Dollar. The RBA's approach contrasts with other central banks, like the US Federal Reserve, which has signaled rate reductions. Higher rates could spike borrowing costs and cripple household spending, impacting the Australian economy. #RBA #interestrates #recession...

#newstr #Rba #InterestRates #Recession #Gdp #HouseholdIncomes 

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