Why is the RBA likely to hike interest rates again? | The Business | ABC News

The Reserve Bank boss has warned households to brace for more interest rate pain, especially if businesses keep putting up prices or workers demand bigger pay rises. Speaking at National Press Club, RBA governor Philip Lowe said Australians are cutting back on spending significantly, but he's concerned high inflation may persist. The central bank is also closely watching developments in the global economy, after the collapse of banks in America and Switzerland.

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