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‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms

‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms
Image: The Guardian - World

Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house pricesGet our breaking news email, free app or daily news podcastAustralia’s economy is set for a “sharper, longer slowdown”, major bank economists say, as the Reserve Bank is forced to keep interest rates higher to rid the nation of persistent…

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