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RBA Hikes Rate to 4.35%, Inflation at 4.6%: A Deep Dive
Published 4 weeks ago
Description
The Reserve Bank of Australia raises cash rate to 4.35% to combat inflation, despite underlying inflation remaining steady at 3.3%. Economists are divided on the move, with some arguing its unnecessary and others pointing to plunging confidence. Home values dip as higher rates strain budgets, and the bank warns of potential tighter policy in 2026 if inflation persists.
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