Are we on the brink of global recession?
7am
00:00
Australian Central Bank Responds to Global Economic Problems
The RBA has been hiking rates strenuously to try and keep inflation in check. It's already raised interest rates 2.5 percentage points since May. The most recent rise was only a 25 basis point increase, which is half what had been the previous four times. Nonetheless, Governor Philip Lowe said further rate increases were 'likely unquote'
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