Decision exceeds predictions from economists amid pressure on households and businesses from rising inflation
The treasurer, Jim Chalmers, earlier on Tuesday said “it’s going to be a difficult winter for a lot of people with what we’re seeing now with prices and wages combining at the same time”.
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Reserve Bank hikes official interest rate by 50 basis points to 0.85% to curb inflationDecision exceeds predictions from economists amid pressure on households and businesses from rising inflation
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