Recession fears ahead of more interest rate rises

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High inflation could mean additional interest rate rises for Australian households as the Reserve Bank tries to fend off a potential recession.

Annual inflation rose on Wednesday to 7.8 per cent in the year to December – contributing to a nine per cent increase in household energy bills.

Economists are predicting Australia’s rental crisis to worsen as rental fees continue to climb to their highest rates since 2012 amid a nationwide vacancy shortage.

Source: Energy Industry News (energyindustrynews.net)

 

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Could? Both Feb and March up. If fair dinkum, Feb shld be .5 but they’ll go for .25. Another rate hike will come later also.

Also IT&T jobs going to India/overseas and high migration pushing people to compete for resources and jobs. Companies must pay monthly cost for offshore employees/work&business visas. Immigration must publish all visas/companies/salary data so that we can apply to these jobs.

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