Australia Live: RBA Expected to Raise Cash Rate to 4.6%, Highest Since 2011
A beached whale carcass has also prompted shark warnings at a Perth beach as the central bank weighs its highest rate in over a decade.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Australia's Reserve Bank is expected to raise the official cash rate to 4.6%, which would be its highest level since 2011, according to a live rolling news blog from The Guardian tracking developments across the day.
The anticipated rate rise is expected to add more than $100 to typical monthly mortgage repayments and could put further downward pressure on house prices, the report said.
Other developments
Separately, a whale carcass has prompted shark warnings at a beach in Perth, according to the same coverage, with authorities urging caution among swimmers and surfers given the increased risk of shark activity near the remains.
The Guardian's live blog compiles rolling updates on Australian news throughout the day; further specifics beyond the interest rate outlook and the Perth beach warning were not detailed in the available report.
Sources
- Australia news live: Chalmers says ‘near universal expectation’ of global rate hikes; whale carcass prompts shark warnings at Perth beach — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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