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The Times

What the RBA wants Australians to do next to fight inflation – or risk more rate hikes

  • Written by Meg Elkins, Associate Professor in Economics, RMIT University

When the Reserve Bank of Australia (RBA) board voted unanimously to lift the cash rate to 3.85% on Tuesday, the decision was driven by one overriding concern. It wants to stop the rising cost of living from becoming entrenched.

For some, like self-funded retirees, the rate rise was good news. Higher interest means their savings and term deposits...

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