Mortgage holders facing a double interest rate blow | 7NEWS

  • 📰 7NewsAustralia
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 71%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Homeowners are set to become the unintended victims of the Reserve Bank's battle to contain inflation. The RBA is expected to increase rates again next month, hitting many with a double mortgage blow. 7NEWS

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inflation rises more than forecast, increasing rate hike oddsInflation comes in higher than expected, increasing the chances of another Reserve Bank interest rate rise next month. Lets send a load of bucks to Ukraine! Norway; Sovereign fund. Citizens each worth a fortune via resources. Australia; globalist, pro elite duopoly sold the lot. Citizens most indebted on the planet with 5% plus rates and rising. Jail LNP and Labor. Of course,end of year splurge to today's poppers
Source: abcnews - 🏆 5. / 83 Read more »

‘Real pressure’ on the RBA to ‘go hard on interest rates’Sky News Business Editor Ross Greenwood says the reality is, with annual inflation higher than expected, there’s a “real pressure” on the Reserve Bank to “go hard on interest rates”. The annual inflation released on Wednesday revealed that it now sits at 7.8 per cent. “These higher interest rates for many families means that at some point during 2023, there’s almost a brick wall or a cliff if you like that the families is going to hit which could curb their spending which then affects the overall economy,” Mr Greenwood told Sky News host Andrew Bolt. “That’s the grave fear of having this inflation higher for longer and then the Reserve Bank being forced to raise interest rates higher than what they otherwise might have.” not a word about robodebt If people were not in so much debt because they were foolish and self-indulgent inflation would not be such a problem. Go hard or go home
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Bank of Canada lifts interest rates to 4.5pc and plans to holdCanadian government bond yields fell as investors digested the central bank’s indication it will hold rates while assessing how the economy evolves.
Source: FinancialReview - 🏆 2. / 90 Read more »