Episode Details

The Reserve Bank is poised to hike interest rates again today, likely pushing the Official Cash Rate up 25 basis points to 2.75%, its highest in over a year — a move aimed at curbing inflation but hitting wallets hard. While most economists agree this tightening is necessary, Kiwibank warns it’s too risky for a fragile economy, urging caution. With elections looming next month, some speculate the bank may delay further hikes until December, adding tension to an already heated debate about whether rate rises are helping or hurting everyday Australians.

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