RBA interest rates live: Reserve Bank of Australia meeting today before cash rate decision and announcement – latest news
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Ahead of an expected fifth interest rate hike of the year, Australia's largest lender, Commonwealth Bank, revised its national dwelling price forecast to a peak-to-trough drop of 14%, up from its previous 9% estimate. CBA senior economist Trent Saunders noted the downturn has accelerated into Brisbane and Perth, with prices expected to stabilize late next year amid a sharper economic slowdown triggered partly by prolonged Middle East conflict.
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