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This photo taken on Nov. 1, 2022 shows the Reserve Bank of Australia in Sydney, Australia. Australia's central bank announced on Tuesday a back-to-back interest rate hike for seven months in a row, by 25 basis points to 2.85 percent in a bid to rein in the country's "too high" inflation. (Photo by Bai Xuefei/Xinhua via Getty Images)
Business

Hiking rates the RBA’s ‘only option’

Independent economist Warren Hogan has warned Australians can expect to face another interest rate hike at the next Reserve Bank meeting, as he also took aim at the government for not doing enough to help fight inflation.

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