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Show Notes
The Reserve Bank of Australia has increased the cash rate by 0.25% to 4.1%, marking the second rise in two months. Homeowners with a $700,000 mortgage will pay over $100 extra per month as the RBA attempts to control domestic inflation currently sitting at 3.8%. The board's split decision reflects concerns about both domestic inflation and potential global economic impacts from the Middle East conflict, with warnings that a recession remains a real risk if inflation is not contained.
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