RBA set to raise rates to 15-year high | 7NEWS
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The Reserve Bank of Australia is widely expected to raise interest rates to 4.6%, marking a 15-year high and the highest level since 2011. Homeowners face this increase while carrying more than double the average debt compared to previous rate cycles. Government spending as a share of the economy has reached 26.9%, the highest level outside the pandemic in over four decades, while the government attributes inflation pressures to surging oil prices following Middle East conflicts. Subscribe and set 🔔 » https://7news.link/YTSubscribe | For the latest Australian news and breaking news alerts, connect with 7NEWS online: Visit » https://7news.com.au 7Plus » https://7plus.com.au/ 7NEWS Podcast » https://open.spotify.com/user/dm9fk9hzoe68ibpttheragdgi Facebook » https://www.facebook.com/7NewsAustralia TikTok » https://www.tiktok.com/@7newsaustralia Instagram » https://www.instagram.com/7newsaustralia/ X » https://x.com/7NewsAustralia 7NEWS combines the trusted and powerful news brands in
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