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Name: Economic growth slows as Reserve Bank refuses to rule out further rate hikes
Uploaded: 2024-06-05T09:33:43.574Z
Duration: 2 min 9 s
Description: Australia's economy is expanding at the weakest annual pace in more than three decades, with the latest GDP data revealing growth of just 0.1 per cent for the first quater. At the same time, the Reserve Bank can't rule out more mortgage pain if conditions deteriorate.

Economic growth slows as Reserve Bank refuses to rule out further rate hikes

Published 5 June 2024, 9:05 am

Australia's economy is expanding at the weakest annual pace in more than three decades, with the latest GDP data revealing growth of just 0.1 per cent for the first quater. At the same time, the Reserve Bank can't rule out more mortgage pain if conditions deteriorate.

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Australia

Politics