Business

“RBA Raises Interest Rates by 0.25 Basis Points in Australia: Navigating the Impact on Homeowners, Borrowers, and Investors”

Australia has been experiencing a gradual increase in interest rates set by the Reserve Bank of Australia (RBA). These rate hikes, aimed at managing inflation and fostering economic stability, have become a topic of interest for both homeowners and investors. Following its June meeting on Tuesday, the RBA announced the cash rate would rise by 0.25 percentage points, from 3.85 per cent to 4.10 per cent. We...

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