RBA interest rates live: Reserve Bank of Australia meeting today before cash rate decision and announcement – latest news
Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this year Get our breaking news email , free app or daily news podcast Asked why Labor can’t guarantee it won’t find net savings in the mid-year budget update, Chalmers told RN the government is undertaking that task this month ahead of December’s release. We are currently working our way through the…
The Reserve Bank of Australia is set to meet today to announce a potential interest rate hike, marking the fifth increase this year and the highest level in 18 years. Treasurer Jim Chalmers warned that Australians are facing a "difficult decision" as the cash rate could rise to 4.85%. The powerful Expenditure Review Committee has already met and will reconvene to discuss potential savings ahead of the mid-year budget update.
Chalmers assured that the government is actively working on identifying savings options to ensure the most responsible budget update possible. Despite the pressures already faced by consumers, the decision of the Reserve Bank will further strain the financial landscape.
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