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Australia’s Home Loans Fall by Record After Rapid RBA Rate Hikes

Bloomberg(subscription required) ·

Australian home loans posted a record drop in the third quarter, underscoring the erosion of borrowing demand in response to the Reserve Bank’s aggressive interest-rate increases to control inflation.

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  2. Bloomberg(subscription required)Australia’s Home Loans Fall by Record After Rapid RBA Rate HikesAustralian home loans posted a record drop in the third quarter, underscoring the erosion of borrowing demand in response to the Reserve Bank’s aggressive interest-rate increases to control inflation.