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Reserve Bank's Rate Hike: A Mismatch to Economy

Published 1 day, 3 hours ago
Description

The Reserve Bank raises interest rates amid inflation, but its supply shocks, not spending, driving prices. Variable home loans now range from 5.84% to 6.4%, while fixed rates for five years are around 6% to 6.49%. Be cautious with super contributions and death benefits to avoid tax traps. Seek advice before making moves to keep your wallet healthy.

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