Fifth interest rate hike sparks recession fears
The Reserve Bank of Australia has increased the cash rate to 4.85 per cent, marking an 18-year high and the fifth rate hike of the year.
Treasurer Jim Chalmers has doubled down on claims the Middle East war was fuelling soaring costs, adamant he won’t be stepping down any time soon. #politics #interestrates #economy #australiangovernment #finance
