RBA cash rate hike: Australia steered towards recession | news.com.au — Australia's leading news site - news.com.au

7/5/2022 12:00:00 AM2 years 9 months ago

<p>On Tuesday, the Reserve Bank of Australia (RBA) sent a dagger through the hearts of Australian mortgage holders, hiking the official cash rate (OCR) another 0.5 per cent &ndash; the third consecutive monthly increase.</p>

Yesterdays cash rate hike was a big blow to many Aussies, with fears further rises could steer Australia towards a new recession.On Tuesday, the Reserve Bank of Australia (RBA) sent a dagger through … [+5604 chars]

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