Major bank's bleak warning of more rate pain in matter of weeks

Two of the big four banks are now predicting a fourth consecutive rate rise to start the year as the Reserve Bank of Australia (RBA) tries to fight rising inflation, caused in part by the war in the Middle East.The RBA yesterday raised the cash rate by 25 basis points to 4.35 per cent for the third time, effective…

Opens the original publisher in a new tab. Full articles belong to their publishers; a subscription may be required.