Australia braces for another RBA rate hike
The RBA changed course in February and increased rates, and is likely to move again tomorrow in response to the Middle East crisis.
The RBA’s core mandate is to keep inflation, now at 3.8% and rising, at between 2% and 3%.
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If the markets were unsure of another interest rate rise by the Reserve Bank of Australia this month, the conflict in the Middle East has changed that to close to a certainty.
The RBA board meets on Tuesday and, if the central bank moves in its normal increment of 25 bps by tomorrow evening, the
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