Australia's growth slows to 2.1% as another rate hike looms
GDP growth eased to 2.1% in June, with banks expecting the cash rate to reach 4.6% by year's end.
Why it mattersHigher rates slow borrowing and spending, which cools both inflation and growth. Australians face tougher mortgage payments and loan conditions.
AustraliaAustralian households already struggling with higher mortgages will face steeper payments if the RBA hikes again. Wage growth isn't keeping pace with cost rises.
Corroborated bythenightly.com.au
✓ Claims checked against the source. checked 1 h ago
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