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Further RBA interest rate hikes are less likely now than even a week ago. Here's why
Since Australia’s Reserve Bank hiked interest rates two weeks ago, there have been two important developments – one in the United States and the other in the United Kingdom. If it’s not clear to you why events overseas influence Australia’s interest rates, which are meant to be set to control Australian inflation, read on. US and UK inflation close to zero We haven’t been complete masters of our own destiny since the Australian dollar was floated 40 years ago next month. What happened in the US last Tuesday was news of dramatically lower US inflation. When increases and decreases in prices were taken ... (full story)