economy Australia
Australia faces rate pressure as Albanese travels to the Pacific
4rate rises
The Reserve Bank of Australia raised interest rates for the fourth time this year.
Anthony Albanese is due to travel to Fiji and Tuvalu for a pre-COP meeting while his government faces domestic pressure over inflation, interest rates and cost-of-living policy. The Reserve Bank has raised rates and the Greens have appointed David Shoebridge as leader.
1 sourceabc.net.auUpdated
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- 4rate rises
The Reserve Bank of Australia raised interest rates for the fourth time this year.
“the Reserve Bank hiked rates for the fourth time this year”
- 4%
Australia's annual inflation rate reached 4%.
“the latest annual figure rose from 3.5 per cent to 4 per cent”
AllegedThe Reserve Bank of Australia said inflation had been driven by domestic capacity pressures.
“Inflation is too high and has been driven by domestic capacity pressures”