🌍 World 8h ago · Patrick Commins Economics editor

‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms

The Guardian World
Guardian world news
View Channel →
‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms
Source ↗ 👁 0 💬 0
Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house pricesGet our breaking news email, free app or daily news podcastAustralia’s economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures.The RBA is widely expected to hit mortgage holders with a fifth rate hike on Tuesday, in a move that wi

Comments (0)

Sign in to join the discussion

More Like This

📰
French school protests resume on smaller scale as students return from break
The Straits Times World News · 7h ago
Over 8,000 police personnel deployed to protect polio teams in Pakistan's Karachi
World News: Latest International News & Updates | The Hindu · 7h ago
Uganda starts withdrawing troops from Somalia
BBC News · 7h ago
Ryanair may freeze workers' pay and raise fares on higher fuel prices
BBC News · 7h ago
📰
What's the EU's plan to cut your energy bill? Ask the Euronews AI chatbot
News | Euronews RSS · 7h ago
📰
Londoners revive medieval jousting on electric bikes in Halloween spectacle
News | Euronews RSS · 7h ago