‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms

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Guardian World

‘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 …