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RBA warns borrowers as inflation keeps pressure on
Original: RBA’s blunt warning for borrowers as inflation continues to bite | 9 News Australia
The Reserve Bank of Australia has issued a blunt warning to borrowers, indicating that interest rates are likely to remain elevated as inflation continues to run above target. The message suggests households with mortgages should not expect relief in the near term, with the central bank prioritising the return of inflation to its target band over easing borrowing costs.
Why now: Australian mortgage holders are anxious about rates staying high amid persistent inflation.
Reserve Bank of Australia9 News AustraliaAustralian borrowers
Evidence
- RBA’s blunt warning for borrowers as inflation continues to bite | 9 News Australia · 9 News Australia · 224.6K
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