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‘It’s completely unnecessary’ Housing industry SLAMS latest interest rate rise

Mike Jeffreys

The RBA ratcheted up the official cash rate by a quarter of a percentage point to 4.35 per cent yesterday, the 13th increase since the bank started lifting rates in May last year.

Clinton Maynard chats with chief economist at the Housing Industry Association, Tim Reardon, about how the decision will impact the construction industry, at a time when approvals are at record lows.

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Mike Jeffreys
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