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Australian banks
Trends
- 1RBA widely expected to lift rates 25 basis points in September●RBA preview September: 25 bps widely expected as inflation risks grow
Markets and analysts widely expect the Reserve Bank of Australia to raise interest rates by 25 basis points at its September meeting, according to a Yahoo Finance Australia preview. Attention is focused on growing inflation risks, with the outcome seen as a key signal for Australian borrowers, mortgages and the broader economy.
- 2RBA move could cut first home buyer borrowing by $58,000●first home buyer borrowing capacity reduction
Australian first home buyers face a sharp reduction in how much they can borrow after the Reserve Bank's latest move, which analysts estimate could wipe around $58,000 off typical loan capacity. Commentators warn the impact is 'not a rounding error' for those trying to enter the property market.