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The Reserve Bank lifted the cash rate for the seventh time this year, but disappointed traders who had wagered on a more aggressive statement.
Morgan Stanley says the higher global rates outlook will keep the RBA hawkish, lifting its terminal rate forecast to 3.6 per cent.
RBA chief signals bank is considering smaller rate hike in October
Australia has followed other countries with more increases in interest rates to mitigate inflationary pressures. Economists are predicting more pain for mortgage holders after Australia’s Reserve Bank (RBA) raised interest rates Tuesday for the fifth consecutive month to a seven-year high. Slower world economic growth is the backdrop to the most aggressive series of interest…
Higher borrowing costs put more pressure on households