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Spotlight: Why did the RBA raise rates again?
Published 3 years, 2 months ago
Description
On Tuesday (2 May), the central bank surprised many by announcing the cash rate would increase 25 bps to 3.85 per cent.
But why did the central bank move to raise rates, rather than hold them for the second month in a row, as expected?
In this Spotlight episode, host Annie Kane is joined by ifa editor Maja Garaca Djurdjevic to discuss:
- Why the RBA chose to restart its rate-hiking cycle
- Concerns the rate hike could bring about a recession
- Suggestions that more hikes are coming
And much more!