Australia faces sharper slowdown as RBA prepares fifth rate rise

Australia's central bank is widely expected to raise interest rates for a fifth time on Tuesday, pushing the cash rate to its highest level since 2008. Major bank economists are predicting a sharper, longer economic slowdown as the Reserve Bank keeps rates elevated to fight persistent inflation. The move comes amid growing worries that the economy could even slip into a recession.

How are rising interest rates changing your plans for spending or saving?

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