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RBA Rate Hike Debate | Auckland News
Description
The Reserve Bank is poised to hike the cash rate to 2.75%, but economists are split—some say it’s premature, while others argue it’s more about winding down stimulus than cooling the economy. With businesses thriving overseas but households struggling with rising costs and stagnant wages, delaying the move until next year could be wiser. Yet, since markets already expect this hike, its impact may be muted—though skipping it might risk letting inflation run wild longer.
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