▶youtube BusinessBanking first seen 14 h ago, last 35 min ago, peak #4
RBA lifts cash rate to 4.6% as Bullock defends decision
Original: RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6%
Reserve Bank of Australia governor Michele Bullock has explained the central bank's decision to raise the cash rate to 4.6%. The move means further pressure on mortgage holders and borrowers, and Bullock's remarks on the reasoning behind the hike are drawing wide attention as Australians assess what costlier credit means for household budgets and the inflation outlook.
Why now: A rate rise directly affects mortgages and living costs, making the RBA governor's explanation newsworthy for households and markets.
Reserve Bank of AustraliaMichele Bullock
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- RBA interest rates: governor Michele Bullock explains decision to lift cash rate to 4.6% · youtube · 204.9K
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