RBA Raises Interest Rates Again, Warns of More Hikes Ahead
The Reserve Bank of Australia raises the cash rate for the third consecutive meeting, with Governor Michele Bullock warning that surging oil prices and inflation will continue to impact Australians negatively. She emphasises that without targeted government relief, the situation may worsen in the coming months.
Why it matters
Households face increased financial pressure as rising interest rates and inflation affect cost of living, particularly for low-income earners.
Read the full story at The Guardian AU→