The Reserve Bank has increased the official cash rate by 0.25% at its May meeting.
EY Oceania Chief Economist Cherelle Murphy tells Sean Aylmer why the RBA had no option but to increase rates, and what it means for businesses and homeowners.
FEAR & GREED | Business News
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Qantas to pay $120m for ghost flights, Westpac profit tumbles, cinemas in strife
Interview: New Optus boss has a big job to do
Afternoon Report | ASX200 ends higher