Interest rates: Why RBA is hiking cash rate amid recession fears, falling house prices | news.com.au — Australia's leading news site - news.com.au
7/6/2022 12:00:00 AM2 years 9 months ago
by Alexis Carey
by Alexis Carey
<p>As Australia reels from the Reserve Bank’s latest double-whammy interest rate hike, there are rising fears that the economy is in serious trouble, with crashing house prices and even a recession on the horizon. </p>
Interest rates are soaring and there are growing fears a recession could be around the corner. So why is the RBA doing this to us?As Australia reels from the Reserve Bank’s latest double-whammy inter… [+6208 chars]
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