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RBA Governor Michele Bullock says era of low interest rates is over
Original: RBA Governor Michele Bullock claims days of low interest rates are gone | 9 News Australia
Reserve Bank of Australia Governor Michele Bullock has said the days of low interest rates are gone, signalling that Australian borrowers should not expect a return to the ultra-cheap borrowing costs of recent years. The remarks point to the RBA preparing households and businesses for a prolonged period of higher rates as it keeps fighting inflation, a message with major implications for mortgages and the wider economy.
Why now: Australian households are highly sensitive to interest rate signals from the RBA while cost-of-living pressures remain a top concern.
Michele BullockReserve Bank of AustraliaAustralia
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- RBA Governor Michele Bullock claims days of low interest rates are gone | 9 News Australia · 9 News Australia · 74.1K
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