More large interest rate hikes expected as banks urged to pass it to savers - Sydney Morning Herald

Economists expect the RBA will make a further 0.5 percentage point lift in August, while flooding will further boost grocery costs.

RBA governor Philip Lowe said Australians should expect more interest rate rises in coming months. Todays increase in interest rates is a further step in the withdrawal of the extraordinary monetary… [+2733 chars]

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