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The Conversation
The Conversation
Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

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

RBA Reserve Bank Jerome Powell Jim Chalmers Inflation United States Australia Philip Lowe Interest Rates
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 Bank board, there was talk of just one more 0.25 point rate hike this year.

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