‘Sharper, longer slowdown’ predicted for economy as fifth interest rate hike looms

West Australians already doing it tough are bracing for impact ahead of a widely expected interest rate rise on Tuesday amid dire warnings by leading experts there may be even more hikes to come.

Australia’s central bank expected to hit mortgage holders again on Tuesday, as war in Middle East combines with collapsing house prices Get our breaking news email, free app or daily news podcast Australia’s economy is set for a “sharper, longer slowdown”, major bank economists…