ABC News Australia
International · 5 hrs ago
AI scored
RBA warns of 'rough' time ahead as interest rates rise by 0.25pc to 4.35pc
72Accuracy
centreBias
0Ratings
💬 0Comments
AI Analysis
Accuracy 72/100
Partisan intensity 35/100
ObjectivePartisan
Centre / Neutral ⚠ Misleading
The Reserve Bank of Australia raised interest rates by 0.25 percentage points to 4.35%, reversing previous cuts, though Governor Michele Bullock cautioned that rate rises alone cannot prevent anticipated inflation increases linked to Middle East tensions.
RBA warns of 'rough' time ahead as interest rates rise by 0.25pc to 4.35pc
The RBA lifts rates by 0.25 basis points to 4.35 per cent, which fully unwinds last year's rate cuts. But governor Michele Bullock says the rate rises will not stop higher inflation heading Australia's way from the Iran war.
Discussion 0 comments
Sort:
?
No comments yet — be the first to start the discussion!