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RBA says rate hikes 'working' ahead of key inflation data

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The Reserve Bank of Australia (RBA) reports that recent interest rate hikes are effectively cooling the economy, though mortgage relief remains unlikely in the near term. The RBA is closely monitoring inflation risks from global conflicts and a data center boom, with upcoming key inflation data likely to determine future rate decisions.

Developers and tech professionals should watch for potential further rate hikes if inflation pressures persist, impacting borrowing costs and investment plans.

Read the full article at Property News - Latest Real Estate Market News

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