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Feb 3 • 09:20 UTC • 🇬🇧 UK • Guardian

A hot economy? RBA’s rate hike justification is hard to swallow for Australians struggling with cost-of-living crisis

The Reserve Bank of Australia justifies its recent interest rate hike as a necessity to cool an overheated economy, yet many Australians feel the harsh reality of a cost-of-living crisis contradicts this perspective.

#rba #interest rates #cost of living #australia #economy
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