Will this be the last rate hike?
The Reserve Bank has lifted rates, and if you’ve got a mortgage, you’ll feel it fast. A typical borrower on a $600,000 loan is up around $90 a month for a single hike, and if more follow, the hit multiplies. Is inflation really back, or is the Bank overreacting? And what would more hikes do to jobs and house prices? Guests: Michael Pasoe, writes for Michael West Media Cherelle Murphy, the Oceania Chief Economist for the consultancy firm EY
The Economy, Stupid · Australian Broadcasting Corporation
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Show Notes
The Reserve Bank has lifted rates, and if you’ve got a mortgage, you’ll feel it fast.
A typical borrower on a $600,000 loan is up around $90 a month for a single hike, and if more follow, the hit multiplies.
Is inflation really back, or is the Bank overreacting? And what would more hikes do to jobs and house prices?
Guests:
Michael Pasoe, writes for Michael West Media
Cherelle Murphy, the Oceania Chief Economist for the consultancy firm EY