RBA hikes rates again, boom times for Aussie farmers, Tik Tok usurps Snapchat
FEAR & GREED | Business News
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The Reserve Bank's Fear of a Soft Landing
There's a real risk now, as Commonwealth Bank economist noted yesterday, that the Australian economy could go into recession. The governor said some further tightening might be required, but it depends on what happens from here. It takes 12 to 18 months for an interest rate to fully flow through the economy and impact the economy. Financial markets think there will be another rate rise.
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