As inflation in the world’s richest countries hits a 25-year high, pressure mounts on the RBA to raise interest rates
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As inflation in the world’s richest countries hits a 25-year high, pressure mounts on the RBA to raise interest rates

  • Inflation in the biggest economies in the world has hit a 25-year high, according to the OECD.
  • Globally, fears around inflation are increasing pressure on central banks to raise interest rates.
  • If pressures in Australia follow those in other OECD nations, the RBA may raise its rates sooner than the late 2023 or 2024 timetable previously signalled.
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