✉news BusinessEconomy first seen 2 h ago, last 4 min ago, peak #2
Australia signals more rate hikes after lifting rates to 15-year high
Original: Australia says more hikes not off the table after raising rates to 15-year high
Australia's central bank has raised interest rates to their highest level in 15 years, and officials say further hikes are not off the table as the country battles persistent inflation. The move pushes borrowing costs to a level not seen in over a decade, tightening conditions for households and businesses. Commentators are weighing how much more tightening may come and what it means for mortgages and the wider economy.
Why now: The rate rise to a 15-year high, with the door left open to further increases, has direct implications for mortgages, inflation and the economic outlook.
AustraliaReserve Bank of Australia
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