The highest rates in 15 years

The Reserve Bank of Australia has raised rates, bringing the cash rate to the highest it’s been since 2011.  And even though this latest hike doesn’t come as a surprise, the sting will still be felt by borrowers throughout the country. So what does this mean for the Australian economy?  And how likely is a fifth rate hike before the end of the year? Carrington Clarke and ABC News Business Editor Michael Janda break it all down on ABC Business Daily. Got a burning business question? We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.