Australian Central Bank Raises Interest Rates to 4.1%
The Reserve Bank of Australia (RBA) has increased the official cash rate to 4.1%, impacting mortgage holders. This decision aims to combat inflation.
Australian Households Fear Recession Amid Rate Hikes, Petrol Prices
Australian households are increasingly worried about a potential recession due to rising interest rates and escalating petrol prices. The combined financial strain is fueling fears of economic downturn.