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RBA sees slower economy as interest rates continue to bite

The upside to the forecasts is the likelihood that Reserve Bank of Australia could be done with rate hikes

The RBA says monetary policy is working to slow the growth in demand.

The Reserve Bank of Australia has revised its economic forecasts and expects that current high interest rates will have a bigger impact on both inflation and unemployment this year while also putting more of a brake on economic growth.

The RBA’s quarterly Statement on Monetary Policy, released

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Lachlan Colquhoun Wed, 07 Feb 2024
Contact the Writer: lachlan@nbr.co.nz
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RBA sees slower economy as interest rates continue to bite
Australia,
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