'We've got a little bit longer to go': RBA's chief economist says one thing is needed to end rate rises - Nine.com.au

Higher interest rates are being applied to credit cards

Credit card interest rates are going up as debt levels rise. Economists suggest that government spending will be a key element in the economy's outlook. Meanwhile, private equity firms are pursuing Healius, and a cancer survivor is at facing the possibility of losing their home. The Reserve Bank of Australia's chief economist says one thing is needed to end rate rises, and City economists forecast that interest rates will not reach 4.75% by next summer.

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