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The Briefing
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Prince Harry Declares Changing the Tabloid Media Landscape His Life's Work
The RBA has raised the cash rate to 4.1% that's the highest level in 11 years and it is the 12th increase in 13 months. The fear with house prices rising is that it creates a wealth effect where people feel like they have more money and then can spend more money. Price expectations of services which you know are choices that we make about how much we charge for services based on the demand for them have been very stubbornly high. Most economists for the major banks are expecting at least one more rate rise so still more paying to come.
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