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RBA set to raise interest rates again as meeting begins

Original: A rate rise tomorrow is all but locked in. How many more might there be? By Michael Janda and Alison Branley The Reserve

The Reserve Bank of Australia meets on Tuesday for the sixth time this year, with economists and financial markets treating another interest rate rise as near certain. The question being debated is not whether rates will go up but how many further increases may follow as the bank tries to curb inflation, and what that means for mortgages and household budgets.

Why now: Australian borrowers and savers are watching the RBA decision closely because another rate rise directly affects mortgage repayments amid persistent inflation.

Reserve Bank of AustraliaMichael JandaAlison BranleyABC News

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• A rate rise tomorrow is all but locked in. How many more might there be? By Michael Janda and Alison Branley The Reserve Bank is meeting tomorrow for the sixth time this year, and both financial markets and economists think it is almost certain that it will raise interest rates… · abcfeeds@rssfeed.media · 1

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