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flag Australia's central bank warns borrowers to prepare for ongoing inflation and avoid new debt despite recent price increases.

flag An Australian Reserve Bank official has urged borrowers to prepare for ongoing inflation pressures, advising caution in taking on new debt despite recent economic data showing persistent price increases. flag The comments come as inflation remains above the RBA's target range, prompting concerns about household financial stability. flag The official emphasized the importance of responsible borrowing and careful budgeting in the current economic environment.

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