
RBA taps the brakes on rate hikes over concerns of a household squeeze
The Reserve Bank has paused its hikes in interest rates and left the cash rate alone for the first time in almost a year.
The Reserve Bank has paused its hikes in interest rates and left the cash rate alone for the first time in almost a year.
The Reserve Bank has lifted interest rates for the sixth consecutive month but it now faced accusations that it had dropped its aggressive attack on inflation by limiting the increase in the official cash rate to 25 basis points (or 0.25 per cent).
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