RBA interest rates: Reserve Bank raises cash rate to highest level in 15 years and raises concern over of more hikes ‘if needed’

The Guardian — World has covered a development concerning “RBA interest rates: Reserve Bank raises cash rate to highest level in 15 years and raises concern over of more hikes ‘if needed’,” with the available account limited to the facts included in the supplied text.

Michele Bullock stated board knows decision is expected to hit some people hard but hopefully in the next few years ‘this is expected to all have been worth it’ Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank of Australia has lifted its key interest rate to 4.6%, its highest level since 2011, and raised concerns about of further hikes as the unending US war on Iran pushes prices “permanently higher”. The report also notes that The widely expected fourth increase to the cash rate this year is expected to add to repayment costs for millions of mortgage holders. ahead of Tuesday’s meeting, it sat at 4.35%.

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