The Reserve Bank's 11th interest rate rise comes not only as a blow for borrowers, but also for businesses coping with rising debts and falling demand. A year of hikes has seen company activity contract nationally for a twelfth straight month. Some economists are now accusing the RBA of playing 'recession roulette'. Meanwhile, RBA Governor Philip Lowe has defended the latest hike, saying it's necessary to get inflation under control.
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