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The Reserve Financial institution is because of meet at 2.30pm in the present day when the nation’s high economists might resolve to extend rates of interest for the primary time in additional than a decade.
In the event that they do, it can sign the tip of “low-cost cash” for Australians and remind voters that the price of residing is rising proper in the midst of a Federal Election marketing campaign being fought on that actual subject.
Monetary markets and most economists predict the money charge can be lifted by .15 share factors to 0.25 per cent.
The potential value hike comes throughout an election marketing campaign the place each leaders are tackling value of residing pressures.
Finance Minister Simon Birmingham advised At present that worldwide elements, such because the Ukraine battle, had been placing stress costs.
“The worldwide elements that Australia is going through at current are very actual. We’re not immune from them however we’re doing higher than most nations.”
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