SBS News – Australia
·australia
·1 hour ago
RBA raises cash rate to 4.35 percent as inflation pressures small businesses
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.35 percent Tuesday to combat inflation now at 4.6 percent. Sydney bakery owner Sina Klug closed her gluten-free business Nutie after 11 years due to rising costs and interest rate pressures, and fears the latest hike will force her second bakery to close.
Summary by Glance · SBS News – Australia
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI