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

The Quick Take
Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices Get our breaking news email , free app or daily news podcast Australia’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 inflationary pressures.
Ground Level News aggregates headlines from public feeds. This page shows a short summary only; the full article and all rights belong to Guardian World.
Related
World
Bagbin urges voters to scrutinise campaign promises, reject propaganda - Ghana News Agency
Bagbin urges voters to scrutinise campaign promises, reject propaganda Ghana News Agency
World
Media and Broadcasting Council urges media to cite official sources in reports on President - Azərtac
Media and Broadcasting Council urges media to cite official sources in reports on President Azərtac
World
Coventry fan, 14, hands himself in after Bradley Lowery taunt in Sunderland
Police investigate after an individual in Coventry section displayed an image of Lowery during Sunderland's 3-1 defeat.
World
Chinese state TV continues Real Madrid blackout after Mbappe-Mao meme row
Real Madrid vs Racing Santander is not broadcast on CCTV despite apologies from Mbappe, Real and La Liga.
