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The Reserve Bank is expected to raise interest rates tomorrow. Inflation pressure has been mounting since July and along with high energy costs and resilient labour demand, the RBA is signalling an imminent rate hike to 4.6 per cent. While homeowners will be feeling the pain, the growing risk of a recession calls for more restraint with interest rates. #ratehike #interestrates #reservebank
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For the fourth time this year, the Reserve Bank of Australia (RBA) has lifted the cash rate by 0.25 of a percentage point in a bid to bring inflation under control. While the RBA's decisions are most felt through mortgage repayments, their impact extends well beyond home loans.
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