Business News

RBA warns of at least 2 more interest rate rises in coming months, as the economic outlook worsens

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Reserve Bank Governor Philip Lowe.Lukas Coch/AAP

Australia’s cash rate has hit 3.35%, after the Reserve Bank raised interest rates for the ninth time in a row – and signalled more interest rate pain ahead. The 0.25 percentage point rise adds A$90 a month to a $600,000 variable mortgage.

Ahead of Tuesday’s statement from the Reserve...

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