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RBA slows pace of rate increases as household budgets tighten

Por: MarketWatch Business October 04, 2022

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The increase is the sixth in succession since May. It follows 50-basis-point rises in June, July, August and September. “One source of uncertainty is the outlook for the global economy, which has deteriorated recently,” RBA Gov. Philip Lowe said in a statement. “Another is how household spending in Australia responds to the tighter financial conditions.” “Higher inflation and higher interest rates are putting pressure on household... + full article



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