Thursday, July 2, 2026

HomeGeneral NewsRBA admits rates hurting economy - warns more hikes still needed

RBA admits rates hurting economy – warns more hikes still needed

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Policymakers agree financial conditions are now ‘probably somewhat restrictive’.


The Reserve Bank has made its clearest admission yet Australia’s high interest rates are now slowing the economy – while warning it is still prepared to hike again if inflation doesn’t fall.

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