RBA Hikes Interest Rates Again Amid Inflation Concerns

RBA hikes interest rates for the second time this year.

The Reserve Bank of Australia (RBA) has increased its cash rate by another 0.25% to combat inflation, following a similar move in May. This decision is expected to have a ripple effect on the economy and financial markets.

Westpac's analysis suggests that the RBA may hike rates one more time this year, as it continues to monitor inflation and economic growth.