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‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms #942982 2 hours ago
Joined: Feb 2001 Posts: 678,977 Los Angeles, USA Webmaster Launch Director
Webmaster Launch Director Joined: Feb 2001 Posts: 678,977 Los Angeles, USA	‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices Get our breaking news email, free app or daily news podcast Australia’s economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent inflationary pressures. The RBA is widely expected to hit mortgage holders with a fifth rate hike on Tuesday, in a move that will push the cash rate to its highest since 2008 amid rising worries the economy could even be tipped into recession. Continue reading... https://www.theguardian.com/australia-news/2026/nov/02/australia-economy-fifth-interest-rate-hike-looms