7 News – Business
·business
·2 hours ago
RBA raises cash rate for third straight time as budget risks inflation
The Reserve Bank of Australia is expected to raise the official cash rate by 25 basis points on Tuesday, marking the third consecutive hike and affecting 3.6 million mortgage holders. Economists warn that the government's planned multibillion-dollar budget boost, including a $200-$300 earned income offset, risks fueling inflation and forcing more aggressive rate increases.
Summary by Glance · 7 News – Business
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