With the latest interest rate rise of 50bp by the Reserve Bank of Australia (RBA), there is pressure on the share market prices as it will be more expensive for companies to borrow money to grow their business.
Interest rate rises generally have a negative impact on the stock market.
I predict that the ASX200 will close at 7093 on Friday.
🔥Index Prediction: Guess Where the ASX200 Index Is Likely to Move This Week?
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