Reserve Bank warns of more interest rate rises and ‘large increases in rents’ amid inflation crisis

RBA's final meeting minutes reveal concerns about higher spending over summer holidays without Covid restrictions

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The Reserve Bank has put homeowners on notice that they face further interest rate increases in the new year if inflation continues to rise and spending remains unchecked over the holiday period.

The bank's final meeting minutes for 2022 reveal it is on a mission to lower inflation amid concerns about higher spending over summer holidays without Covid restrictions.

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