RBA rate hike could push Australia ‘into recession’
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27/07/24
Former Howard Government Minister Peter McGauran says the issue of interest rates and cost of living will “largely decide” the next federal election. “If (the RBA) puts up interest rates – sure, it will curb inflation – but Australia’s growth rate is anemic at one per cent,” Mr McGauran told Sky News Australia. “It could push Australia into recession – they will need the wisdom of Solomon.”
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