GgoogleAU BusinessBanking first seen 11 h ago, last 10 h ago, peak #1
RBA expected to lift rates to 4.6%, a 12-year high
Original: rba rate hike
The Reserve Bank of Australia is widely expected to raise the cash rate to 4.6% at its upcoming board meeting, which would take borrowing costs to their highest level since 2011. The Guardian reports markets and economists are bracing for the hike, with homeowners facing further pressure on mortgage repayments as the bank continues its fight against persistent inflation.
Why now: A rate decision that would push Australian borrowing costs to their highest point in over a decade directly affects mortgages and household finances.
Reserve Bank of AustraliaAustralia
Rank over time, top of the chart is #1. 4 snapshots from 11 h ago to 10 h ago.
Evidence
- Aussies ‘exposed’ as recession fears explode · News.com.au
- RBA tipped to hike rates tomorrow · ABC News & Headlines – Australian Broadcasting Corporation
- Rates rising everywhere, warns Treasurer, as tax take revealed · The Australian
- RBA expected to hike cash rate to 4.6%, its highest level since 2011 · The Guardian
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