Borrowers set for another big rate rise

There appears little doubt that the Reserve Bank of Australia will lift the cash rate again when its board meets on Tuesday, the third monthly hike in a row.

by | 3 Jul, 2022

RBA backs JobKeeper end

If economists are correct, borrowers will be looking at another 50 basis point increase as the RBA tries to rein inflation as it balloons towards seven per cent this year from an already lofty 5.1 per cent.

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