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BRACE Act

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    Australia's big four banks expect RBA rate rise next week●Big four banks now unanimous the RBA will lift rates next week | Finance Report | ABC NEWS▶youtubeBusinessBanking59.5K5 h ago

    Australia's four major banks are now unanimous in forecasting that the Reserve Bank of Australia will raise interest rates at its meeting next week. The shift in forecasts, reported by ABC News' finance desk, suggests markets and economists see an rate hike as near-certain, with borrowers bracing for higher mortgage repayments should the central bank act.