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flag RBA faces pressure to raise rates despite consumer demand weakness.

flag The Reserve Bank of Australia is facing pressure to raise interest rates again due to persistent inflation and a tight labor market, despite signs of weakening consumer demand. flag While central bank officials have signaled a willingness to hold rates steady through June, financial institutions warn that a sharp increase in rates could trigger a recession. flag Market expectations remain divided on future rate hikes as the RBA weighs the risks of higher inflation against the need to support economic growth.

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