ABC News Australia
International · 1 hrs ago
✦ 75◉ Centre
The RBA's post-COVID rate hikes caused Australians to work more
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Accuracy 75/100
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◉ Centre ✓ Fair headline
The International Monetary Fund found that rapid RBA interest rate hikes in 2022–2023 led thousands of Australians to take on additional jobs, contrary to the IMF's expectations that rate rises would reduce work hours.
The RBA's post-COVID rate hikes caused Australians to work more
The International Monetary Fund found that thousands of Australians took on a second or third job when the RBA hiked rates rapidly in 2022 and 2023. It expected the opposite.
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