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Why the RBA is expected to raise interest rates
· 2:42
Episode Why the RBA is expected to raise interest rates
The Reserve Bank is widely tipped to raise the cash rate this afternoon to its highest level in almost 15 years.
Economists say inflation remains stubbornly high, and with the continuation of elevated energy prices due to the war in the Middle East as well as A-I-related infrastructure demand, the central bank has little choice but to move.
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