RBA hikes interest rate by 50 basis points to curb inflation

Gerard Cockburn
By Gerard Cockburn
Updated July 5 2022 - 8:28am, first published 4:30am
Treasurer Jim Chalmers. Picture: Sitthixay Ditthavong


A double rate hike has coincided with major flooding that could place added heat to inflation and further drive up the cost of living in Australia.

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