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What does the RBA's interest rate decision mean for Australian households?

VIDEO VERSION

The Reserve Bank of Australia decided to increase the cash target by 25 basis points to 3.10 per cent last Tuesday.

RBA Governor Philip Lowe said Inflation in Australia is too high, at 6.9 per cent over the year to October.

“Global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy t…

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Authors
Miko Santos