✉news BusinessBanking first seen 13 h ago, last 1 h ago, peak #11
Recession risks rise as Reserve Bank poised for rate increase
Australia's central bank is expected to deliver another interest rate increase, with economists warning the tightening cycle is raising the risk of pushing the economy into recession. Higher borrowing costs would add further pressure on households already dealing with elevated living costs, and markets are watching closely for the Reserve Bank's next decision on the cash rate.
Why now: The Reserve Bank's upcoming rate decision is imminent and could have wide economic consequences.
Evidence
- Recession risks rise as Reserve Bank poised for rate increase · Capital Brief
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