SBS News – Australia
·australia
·1 hour ago
Australia's inflation surges to 4.6 percent as interest rates rise again
Australia's inflation rose to 4.6 percent in March, the highest level since 2023, driven by surging petrol costs linked to the Middle East conflict. The Reserve Bank of Australia is expected to increase interest rates for the third time this year, with economists predicting a rise of 25 basis points next week. Over 1.44 million borrowers now face mortgage stress.
Summary by Glance · SBS News – Australia
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