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‘Big expectation’ RBA will hike interest rate by 50 basis points to 1.35 per cent

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Sky News Business Reporter Edward Boyd says the “big expectation” today is the RBA will hike the interest rate by 50 basis points, which will take the rate to 1.35 per cent.

The Reserve Bank of Australia is widely expected to raise interest rates on Tuesday at its July board meeting to bring down

the inflationary pressures in the economy.“You can really see how inflation is becoming a problem for Australia and its economy.”

 

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RBA expected to raise interest rates by 0.5 per centaclennell Was always the NWO cabal plan to destroy Australia. Thank God Trump woke people up aclennell If you've been informed of this, it's no longer a prediction ffs. aclennell Just a question , if raising interest rates is done to dampen spending why not raise taxes instead? Share the burden and maybe fund a hospital as a bonus.
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