The highest rates in 15 years
· 22 min
Episode The highest rates in 15 years
The Reserve Bank of Australia has raised rates, bringing the cash rate to the highest it’s been since 2011.
And even though this latest hike doesn’t come as a surprise, the sting will still be felt by borrowers throughout the country.
So what does this mean for the Australian economy?
And how likely is a fifth rate hike before the end of the year?
Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily.
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