RBA hints at interest rate hike being ‘brought forward’

The Reserve Bank of Australia has given its biggest hint yet that borrowers will wear the cost of an interest rate hike sooner rather than later as the economy roars back after COVID-19.

Releasing the minutes of its April monetary policy meeting – where the RBA kept rates on hold at the record-low 0.1 per cent – the nation’s top economists agreed that economic conditions were ripe to increase the nation’s cash rate.

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