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A hike in Australia’s official interest rate could come earlier than the Reserve Bank‘s forecast date of 2024 as the nation’s property market and economy boom post COVID-19.
The nation’s top economists will meet today to decide the cash rate, which is widely anticipated to remain at the historic low level of 0.1 per cent.
Interest rates were last cut to record-lows in November 2020, as the RBA sought to ease the economic shock of widespread COVID-19 layoffs and stand downs.
Source: 9News
