Major bank says another rate hike coming in matter of weeks
The signs are mounting that a fourth interest hike could be handed down at the end of the month, bringing the cash rate up to a 15-year high.
The signs are mounting that a fourth interest hike could be handed down at the end of the month, bringing the cash rate up to a 15-year high.
One sentence from an RBA assistant governor spells bad news for millions of Aussies.
“For households and businesses waiting for rate relief, that strength could keep another hike firmly in play.”
In a u-turn, two major banks now expect the interest rate to be lifted by 0.25 per cent after the latest inflation data.
Australians just got a major clue about where the cash rate will go next.
The Australian dollar did something it hasn’t done for months, but it’s not good news for a large portion of the country.
Australia’s unemployment rate has unexpectedly risen to 4.5 per cent in July, as 15,800 people lost their jobs.
The Reserve Bank’s latest interest rates hold doesn’t do anything for mortgage holders now and comes with a sting in the tail: repeated threats of more pain to come.
The central has handed down its long-awaited decision.
The central bank didn’t hand down another hike, but there wasn’t anything to celebrate for weary households.