Insights
Rates hike next week is a near certainty, and PM has only himself to blame
It’s almost certain. Mortgage rates will rise from next week.
Insights
It’s almost certain. Mortgage rates will rise from next week.
Business
Suncorp has lifted its cheapest variable home loan rate above 2 per cent as other major lenders have cut theirs in a clear sign the lenders are positioning for turbulent times ahead.
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Home owners can breathe a sigh of relief. The Reserve Bank has ruled out any near-term hike in the official interest rate.
Australia’s inflation has blown out to 3.5 per cent for the past year, “miles above” the Reserve Bank’s expectations and likely to increase pressure on interest rates.
Treasurer Josh Frydenberg says interest rate decisions are up to the Reserve Bank of Australia as financial markets gear up for a potential increase this year in the face of rising inflation.
The Reserve Bank has dropped its claim that interest rates would not rise before 2024, leaving economists tipping mortgage increases as early as next year.
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