The cost of living is surging, so why will the RBA add to it by raising interest rates? - ABC News

The Reserve Bank is increasingly likely to start raising interest rates next Tuesday. But why would it add increased interest costs to household budgets at a time when Australians are struggling with a surging cost of living? Michael Janda explains the econom…

The Reserve Bank hasn't raised its official cash rate target for more than a decade, so many Australians have no adult experience of what a rate rise is like and why the RBA does it. To be exact, th… [+12157 chars]

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