Why RBA interest rate hikes could end by September – but brace for at least one more
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Lukas Coch/AAPTuesday’s tenth successive Reserve Bank interest rate hike is the culmination of a process that has added $1,080 to the monthly cost of payments on a $600,000 variable mortgage.
I’ve calculated this increase in payments – which amounts to $12,960 per year – by comparing payments on the National Australia...
Read more: Why RBA interest rate hikes could end by September – but brace for at least one more